Of particular note this week:
Copper: Further disruptions ahead, this time in Canada.
Zinc – WBMS data and pinch-point graph. Price up on supply concerns.
Nickel – Philippines decisions likely in August. No speedy release of mine supply ahead.
Iron ore: quick turnaround into a bull market according to some.
USA – strong PMI. Construction spending has growth in private spending and real estate.
China’s Industrial Output- growth leaningmore toward consumer items.
Copper Canada’s USW will vote on strike action at Highland Valley (Cu) mine.
Nickel Philippine’s closed mines under close scrutiny. Do not expect rapid returns of suspended mines to production.
Zinc & Lead Zn prices up on stocks and supply concerns.
Tin Traders not delivering to LME warehouses as they wait for higher price levels.
Aluminium China’s capacity cuts contribute to forecast deficits. US politics see restarts.
Gold Indian GST on gold from 1 July. Otherwise gold prices moved on currencies.
Platinum & Palladium Potential for Pt in Brazil? .
Oil Strong demand from China, but a downbeat IEA report. Expect oversupply for longer.
Coal LVPCI and SSC coking coal prices settled, absent of a reference settlement for HCC.
Iron Ore China on track to buy more than 1 billion tonnes of iron ore from the seaborne market in 2017.
Shipping Cape rates dropped but Panamax rates increased. Both Baltic indices increased.
General China Industrial Output. Positive growth in key consumer items, white and electronic.
USA – Purchasing Managers’ Index. Strong!
USA – Construction spending – strong by private and in residential.
Zn and Ni – WBMS data graphs of production and consumption.