Copper – Copper purchases by the China’s State Reserve Bureau. Metals consumption growth to continue.
Nickel – Concerns regarding Russia and Ukraine are pressuring the nickel market.
Zinc & Lead – Zinc consumption in China to continue. Idle smelters to be reopened.
Tin – Tin exports from the Congo to resume on a conflict-free basis.
Aluminium – FDI into Indonesia suffered a sharp downturn in the March Qtr.
Gold – Prices increased on intensifying conflict between Ukraine and Russia.
Platinum & Palladium – New talks failed to break the impasse between miners and workers yet.
Oil – Baker Hughes will disclose all chemicals it uses in fracking to increase public trust.
Coal – Met-coal market seeing some improvement. China’s imports of thermal coal increased.
Iron Ore- Chinese iron ore importers deny being under pressure from banks.
Shipping – Shipping markets showing some improvement.
OECD Composite Leading Indicators suggest little growth globally though forecast increased growth rates in Asian and emerging countries within the next 6-9 months.
Global steel production in March was 141.3 Mt with +1.4% mo-on-mo increased avg daily growth.