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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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Thursday, 07 November 13
THE ENERGY INDUSTRY'S RISING WATER CHALLENGE - WOOD MACKENZIE
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, accordi ...
Thursday, 07 November 13
HANDY : INDO/CHINA ROUNDS ARE SEEING BIDS AT AROUND $16K
Handy
In the Atlantic we have seen more activity this week with several fixtures being concluded at firm rates. USG/Feast been reported at 30k and ...
Wednesday, 06 November 13
THE BIGGER SIZE SEGMENTS LOST GROUND WHILE SUPRAS AND HANDIES HELD ON TO THEIR GAINS - INTERMODAL
Chartering (Wet: Stable+ / Dry: Stable- )
A mirror image of the week prior for the Dry Bulk market, as once more the bigger size segments los ...
Wednesday, 06 November 13
WILL NEW ORDERS DRIVE THE MARKET DOWN AGAIN ONCE DELIVERIES COMMENCE
"While there are many concerns on whether the new orders will drive the market down again once deliveries commence, the second half of 2013 has ...
Tuesday, 05 November 13
AUSTRALIA'S NEWCASTLE PORT SEES DROP IN COAL EXPORTS W-W
COALspot.com: In the week ended November 4, Power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.77 m ...
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- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
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- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
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- IEA Clean Coal Centre - UK
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- The Treasury - Australian Government
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- Parliament of New Zealand
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- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
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- Minerals Council of Australia
- Planning Commission, India
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- Altura Mining Limited, Indonesia
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- Sarangani Energy Corporation, Philippines
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- Mintek Dendrill Indonesia
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- White Energy Company Limited
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- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
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- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
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- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
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- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
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- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- VISA Power Limited - India
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- Ministry of Finance - Indonesia
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- Romanian Commodities Exchange
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- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
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- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
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- Coal and Oil Company - UAE
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- Indian Oil Corporation Limited
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- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
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- Wood Mackenzie - Singapore
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- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
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- Anglo American - United Kingdom
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
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- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
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- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
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- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
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- Global Business Power Corporation, Philippines
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- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
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- CIMB Investment Bank - Malaysia
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