Of particular note this week read those items below marked with “*”:

SUMMARY  

Copper * China’s mfg growth picked up post -‘winter restrictions’.

Nickel *  Inventories continue downward, ‘quicker than expected’.

Zinc * & Lead  * “Price is a prime factor that differentiates Li-ion batteries from lead-acid batteries”.  NCZ.

Tin  Industrial metal priced dipped on reduced USA PMI & China’s Caixin manufacturing data.

Aluminium  Al price bounced upon USA sanctions against Russian interests. .

Gold  Price up on risks and fears of trade war.  ETF holdings up notably in USA..  PGR & SLR.

Platinum & Palladium  Platinum price greater than palladium’s again.

Oil  * Oil production across OPEC is down.  Output from USA is up.

Coal  Indonesia to enforce domestic insurance requirement.  June18Qtr LVPCI contract price set.

Iron Ore  Trade tensions between USA & China find Australia in the middle.

Shipping  Cape rates down significantly.  Panamax rates down.

General 

Port Hedland – iron ore shipments:  Well up yr-on-yr, though February had a higher avg daily rate.

Pinch-point Updates – Cu, Zn, Ni, Pb, Sn, Al.

USA – PMI, & Construction Spending:  PMI down but still high.  Construction steady growth rate.

Baker Hughes Rig Counts – Worldwide & North American:  Counts up in USA and international.