Copper Cu set for price increases from several factors.
Nickel Metal Bulletin opens a price spec for China ex-works NiSO4.
Zinc & Lead Zn short-sellers may have hit a bear trap. G1A drilling to complete in August.
Tin ELT MOU in Malaysia.
Aluminium Gyrations on US tariff changes/retractions. Pressure off Rusal. Deficit ahead.
Gold Price may endure a seasonal ‘lull’ then rise in September. Autumn in China is high-demand.
Platinum & Palladium Unprofitable SA shafts closed. Mines not expected to close near term.
Oil Global oil consumption increased to a new record high in 2017.
Coal Coking coal markets seeking direction. Thermal prices down on reduced interest (on low CNY?)
Iron Ore Iron ore markets relatively calm, despite Trump’s tariff threats.
Shipping Capes upon iron ore demand, and Panamax rates also up.
World Steel: broadly positive growth including a surge in Chinese output.
PinchPoint updates: Ni, Zn, Pb then Cu positions in particular, indicate tight markets.
USA – Durable Goods, Vehicles, Electronic Products: good growth.