Of particular note this week:
Oil: forecasts of a range around USD 70/bbl and more..
China: economic data reported to be indicating a strong future. See zinc & iron ore.
Lead : Nature is surprisingly sophisticated (bees).
Copper Peru (government) evaluating building of a significant rail project to export concentrates to ports.
Nickel Forecasts being revised (upward).
Zinc & Lead Chinese economic data indicates ongoing growth. Pb & Bees!
Tin Chinese imports (incl ex-Myanmar) increasing. Indonesian supply increasing.
Aluminium Stronger demand indicated from China.
Gold Physical demand subdued on high price. Watch for Chinese New Year and Indian festival demand.
Platinum & Palladium South Africa: Amplats’ agreement with tribal leader(s) revised to be more inclusive.
Oil Price forecast around USD 70/bbl, with potential rally to USD 80?.
Coal USA HCC increasing toward East Europe. Caution on Australian geographic supply risk.
Iron Ore China seeking low-pollutant raw materials for steel mills. Shipping ahead of WA cyclone.
Shipping Cape and Panamax rates up this week on strong demand, for ships.
Port Hedland Iron Ore Shipments – record levels.
Base Metal Pinch Point Graph updates: – continuing to tighten.
Baker Hughes world Rig Counts: Rig counts continue to lag oil price.