China's Demand For Non-Ferrous Metal Expected To Surge In 10 Years (Jun 13)
chinaproducts.com
In the upcoming ten years, China's demand for such non-ferrous metals as aluminum, copper, zinc, lead, nickel and tin, etc. will surge up with its economic scale's expansion. Non-ferrous enterprises from those countries as Russia, the US, Chile and Australia, etc. are all optimistic about China's market outlook and forecast that China's export volume will increase year-by-year.
According to the forecast of Metal & Mineral Research Institute of Australian Bank Group, China's demand for lead and copper in 2010 will jump to 7.45m tons and 3.9m tons, up by 126% and 117% respectively over 2000, that for nickel and zinc 155,000 tons and 2.7m tons, up by 158% and 108% respectively and that for lead and tin 900,000 tons and 85,000 tons, up by 65% and 85% respectively. In 2005, China's aluminum and copper import will see an increase of 1.9m tons and 850,000 tons respectively over 2000. In 2010, China's import of aluminum and copper will amount to 4.15m tons and 2.1m tons respectively.
(World Metals)
USDA Cuts 2001/02 China Grain Production Forecasts (Jun 13)
chinaproducts.com
The U.S. Agriculture Department on Tuesday significantly reduced its forecasts for China's coarse grain and wheat production in 2001/02 and, as a result, China will increase its wheat imports and sharply cut its corn exports.
In its June World Agriculture Supply and Demand Estimates report, USDA said China's coarse grain production for 2001/02 will be 124.5 million tonnes, down from last month's forecast of 134.5 million. Exports will fall to slightly above 3 million tonnes from May's estimate of just over 5 million tonnes, USDA said. Ending stocks for coarse grains in 2001/02 for China, USDA said, are now forecast at 71.2 million tonnes, down from 78.2 million projected last month.
UDA also said China's wheat production for 2001/02 would fall to 96 million tonnes from May estimates of 104 million tonnes. With this latest forecast, USDA said China's wheat imports would double to 2 million tonnes from the 1 million forecast last month. Wheat ending stocks in China are now forecast at 35 million tonnes, down from May's forecast of 45.7 million tonnes.
(Reuters) |
