As we mentioned in our most recent in August, some parts of Australia's manufacturing sector are performing strongly and seeing their exports increase. This upswing is most evident in scientific instruments and in medicinal and pharmaceutical products (Graph 8). In some cases this is driven by a small number of Australian firms, so you could argue that these are lumps not waves.
Overall, prices are expected to be weak for the time being. Moreover, given the high degree of uncertainty regarding future economic developments, the possibility that weak demand will intensify downward pressure on prices warrants careful monitoring.