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Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
 China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the single largest consumer of base metals. According to Wood Mackenzie’s latest base metals demand forecasts, China will account for 52% of base metals demand by 2017, compared with 46% of the 96 million tonnes (Mt) global base metals market in 2013. While China’s lower GDP targets are reflected in lower demand growth for base metals on a percentage basis over the next five years versus the last half decade, the research firm says that China will maintain its dominance and the outlook for Chinese base metals demand is slower not lower.
Helen Matthews, Head of Base Metals Markets research for Wood Mackenzie says; “Our forecasts for the next five years show that across all of the base metals – aluminium, copper, lead, nickel and zinc – growth in demand will come predominately from China. Demand growth has slowed from the double digits we saw from 2008 to 2013 to single digits - ranging from five to eight percent – however, it’s important to note that in absolute tonnage terms we still see significant numbers.”
Wood Mackenzie says that the global base metals market is set to grow from 96Mt in 2013 to 122 Mt in 2018, with a huge shift set to occur in 2017; “Today, the Rest of the World, excluding China, accounts for 54% of the global base metals market however, as we’re seeing with many other commodities, China’s rampant appetite will overtake the rest of the World, growing to 52% of demand in a 117Mt market.”
Wood Mackenzie’s economic analysis points to the drivers behind this growth as Jonathan Butcher, Senior Economist for Wood Mackenzie explains; “While there are a number of factors behind growth in demand for each base metal, a key theme for China is continued urbanisation and rising domestic wealth. Wood Mackenzie’s proprietary China Activity Index tracks a number of factors, and gives us confidence that economic growth will remain strong in the short term. Looking out to 2030, we see a bright future for Chinese commodity demand. Urbanisation rates will reach 70%, compared to just under half of the population in 2013. This will have a widespread impact on the economy over the next 20 years, with electricity consumption per capita forecast to reach the same level as Korea today.”
Matthews adds; “Our analysis shows that the outlook for key demand drivers is positive, with a firm emphasis on Asia.”
Editor’s notes:
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com
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Monday, 09 December 13
SOUTH AFRICA'S RICHARDS BAY COAL EXPORTS IN NOVEMBER DECLINED 14.43% M-M
COALspot.com: South Africa's Richards Bay coal terminal exported 6.224 million tonnes of coal in November, declining by 1.05 million tons from the ...
Monday, 09 December 13
SUB-BIT INDONESIA COAL SWAP FOR Q3' 14 DELIVERY CLOSED $ 0.57 LESSER THAN Q1 CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.49 pmt month on month on Friday 6 Decembe ...
Sunday, 08 December 13
SOUTH CHINA COAL SWAPS SHOW A DECLINE TREND IN Q2 & Q3' 14
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 6.76 percept month on month as on Friday 6 December 2013. T ...
Sunday, 08 December 13
RBCT SHIPPED 63.446 MMT OF COALS YTD
COALspot.com - Richards Bay Coal Terminal (RBCT), the world's single largest coal terminal has shipped 63,446,232 mt of coals YTD, according to por ...
Saturday, 07 December 13
SUPRAMAX SHIPS FOR EC INDIA TO CHINA ROUTE BEING FIXED AT AROUND US$ 13K - SOLYM
COALspot.com: The freight market continued to be firm due to high Iron ore demand. The cape index was up by almost 25 pct this week. The grain seaso ...
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- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
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- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Indogreen Group - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
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