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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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Friday, 27 September 13
TAIWAN'S FORMOSA TO IMPORT 140K MT OF BITUMINOUS COAL FOR Q4
COALspot.com : Taiwan's Formosa Plastics Group is inviting bids for 140,000 mt of bituminous coal for delivery in the Q4 for its China plant.
Ac ...
Friday, 27 September 13
CAPESIZES REGAINING PART OF THEIR FORMER GLORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The latest dry bulk market rally has been nothing short of spectacular, with freight rates more than doubling over the past few weeks. This growth h ...
Friday, 27 September 13
US PRODUCED 19.30 MMST OF COAL IN SEVEN DAYS
COALspot.com – United States the world’s second largest coal producer produced approximately 19.30 million short tons (mmst) of coal in ...
Thursday, 26 September 13
PANAMAX MARKET CONTINUE WITH STRONG RATES IN BOTH BASINS - FEARNRESEARCH
Handy
Feast rates are still firm, some fresh stems entered the market. Vessels trading around $15k passing Singapore for coal to India, and a bit l ...
Thursday, 26 September 13
INTERCARGO PUBLISHES BENCHMARKING BULK CARRIERS 2012-13 REPORT
The International Association of Dry Cargo Shipowners (Intercargo) has today launched Benchmarking Bulk Carriers 2012-13, the latest edition of our ...
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- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
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