Of particular note this week:

Copper:  solid outlook

Tin:  A potential solution for grid-scale storage of power

Palladium:   a dilemma in outlook.

Coal & Iron Ore:   Chinese demand more than expected, particularly leading up to Winter restrictions.

 SUMMARY  

Copper  Chile expects a moderate increase to price through 2017.  Supply-led deficit ahead.

Nickel  Ongoing curb pf China’s Ni production, and stronger imports across the board, expected to support Ni prices.

Zinc & Lead  Zn-NCZ and MCT projects.  Pb- low spot TCs, & China’s demand expanding.

Tin  Ceramic pump to handle very high temperatures, may be a solution for grid energy storage.

Aluminium  Significant Al smelter capacity closures for the four month winter restriction period.

Gold  Indian smugglers.  Gold prices responded to US Fed & geopolitical risk.

Platinum & Palladium  A potential dilemma for palladium.

Oil  Strong Chinese demand, plus geopolitical risk(s), lift prices.

Coal  Thermal Sept year settlement.  Coking demand resumed post Golden Week.

Iron Ore  China’s September imports to a September record high.

Shipping  Freight rates recovered after Golden Week.

General  Japan-LNG Prices – increasing with oil prices.

Pinch-Point graphs Cu, Zn, Ni updates – incrementally tighter.

Germany – Industrial Production, Durable Goods, Construction Spending – solid growth.

Japan – Industrial Production – solid growth as Japan’s customer-economies also recover.