Of particular note this week:
Copper : Sawtooth inventories explained
Oil: USA now competing with OPEC for Asian buyers.
Iron, Steel and Coal – China’s manufacturing growth at its fastest since 2012 (which was the year of the last Chinese Communist Congress.
Gold – The Golden Week Effect evaluated..
OECD Composite Leading Indicators (CLI) – broadly the CLI outlook is for positive near term growth.
Electricity Australia: East Australian electricity prices on a (rough) upward trend since 2015.
Copper China’s exports to itself helps explain the sawtooth inventories on LME.
Nickel AUZ trial mining the Sconi project in Qld.
Zinc & Lead Zn to remain in deficit over the next few years.
Tin ITRI forecasts Sn demand to grow more slowly in 2017, after a recovery in 2016.
Aluminium Bauxite exports to commence from Bunbury WA.
Gold Currency effects … and the Golden Week effect.
Platinum & Palladium Palladium price exceeds Platinum price for the first time in 16 yrs.
Oil Oil price might be turning upward.
Coal Glencore opens October LT thermal contract talks. Mkt slowing ahead of Golden Week.
Iron Ore China’s manufacturing growth at its fastest rate since 2012. .
Shipping Dry bulk mkt strong on Chinese demand.
NEM – SE Australia Electricity Market – prices on an increasing trend since 2015.
USA: Durable Goods, Vehicles, Electronics orders – Durables good, vehicles flat.
Japan Industrial Production – strong growth.