Last Updated : 24 January 2013 at 18:35 IST
China 2013 Crude Oil demand growth at 468000 bl/day: Deutsche Bank
Source :Deutsche Bank
“Our China economists believe that key drivers of this year’s economic recovery will be corporate and infrastructure investments, which should prove positive for raw materials demand.” the Bank said in a report.
The recent falls in gold have been contributed to a strengthening US dollar and persistent...
Black Swans are Black Swans as they evade prediction and are least decipherable until they.. 
I would also like to give you some more names of companies operating in Europe and making .. 
- Commodity
- |
- Contract
- |
- Trend
- |
- Pivot Point
- Rubber
- June
- Sideways
- 17003
- Cardamom
- June
- Sideways
- 738
- Turmeric
- June
- Bearish
- 5902
- Soy Bean
- June
- Sideways
- 3906
- Refined Soy Oil
- June
- Sideways
- 699
- MCX Daily Report: Mentha Oil hit upper circuit, Silver slumps
- Gold June has fallen 0.96% to 25587 Rs/10gm. For Gold June contract, support is now seen at 25311, 25130 and resistance at 25680 & 25901, analyst said.
- read more
The USDA forecasts 2012/13 Mexico sugar production at 6.216 million metric tons (mt), an increase..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
LONDON (Commodity Online): Deutsche Bank has revised up its Chinese oil demand growth projection for the year to about 5% at 468000 bl/day in comparison to 392000 bl/day for the past year.
“Our China economists believe that key drivers of this year’s economic recovery will be corporate and infrastructure investments, which should prove positive for raw materials demand.” the Bank said in a report.
Chinese oil demand ended the year on a high note as data for the final months of 2012 reflected a sharp recovery.
China’s oil demand (as calculated on an apparent demand basis) in the final four months of last year averaged growth of about 9% YoY compared with growth of just under 2% in the first eight months of 2012. On a full-year basis, China’s oil demand rose by about 4.2% YoY in 2012, which makes it the weakest growth rate on an annual average basis since 2002.
The sharp recovery in demand from September 2012 likely reflected some level of inventory building.
Notably, inventory data for China shows gasoline stocks closed 2012 at a nearly 9 mln bbl YoY surplus.
Stock changes get reflected in apparent demand calculations so the steep inventory builds likely inflated actual end user demand figures.
“However, we believe actual demand was underpinned by improving economic growth as evidenced by healthy export data, strengthening industrial production and PMI.” the Bank noted.
