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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, 26 August 13
CARRIAGE OF COAL CARGOES FROM KALIMANTAN, INDONESIA - WEST OF ENGLAND P&I CLUB
The Club has recently been advised by consulting scientists and engineers Dr J H Burgoyne and Partners (International) Limited that the number of in ...
Sunday, 25 August 13
API 8 CFR SOUTH CHINA COAL: HEADING TO NORTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 2.39 up month on month. The swap was moved positive ...
Sunday, 25 August 13
THE FREIGHT MARKET S7 & S8 SECTOR IS EXPECTED TO BE STEADY/FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market continued to be firm with all indices moved positive except for Panamax which was slightly down (2 pct down).
T ...
Friday, 23 August 13
US PRODUCED MORE COAL WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
Thursday, 22 August 13
PANAMAX : PERIOD MARKET IS STILL BEING LED BY STRONGER SENTIMENT IN THE FFA'S - FEARNRESEARCH
Handy
This week started slowly as expected. Indo biz now rate APS around 7k +60k to china and around 8k+80k to India. However, there are some ships ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- The University of Queensland
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
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