Sunday, October 5, 2008

China Is So Big

Even with the forecasted slowing of the world economy, China and parts of the Middle East are expected to continue growing during 2009, and they will impact certain world markets, primarily because of China’s huge scale. We found some statistics recently, generated by Deutsche Bank, that predict China’s commodities demand for next year. We felt it would be “smart” for you to know about them. China’s expected global share of demand for selected commodities in 2009:

Aluminum 98%
Iron Ore 82%
Oil 80%
Steel 75%
Copper 61%
Corn 45%
Nickel 42%
Soybeans 40%

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