Economic malaise in the West has had a knock-on effect in China and India, as evidenced in the countries’ slashed 2012 growth expectations and sluggish demand for energy, petrochemicals and metals. Watch the first Platts Commodity Pulse segment from Platts Singapore studio to learn more about what’s ahead for the commodity sectors in two of the world’s fastest-growing economies.
During the videocast, Platts editors offer an in-depth look at the financial performance of several Chinese and Indian energy, petrochemicals and metals companies and industry trends. The Platts commentary is based on information from industry sources and editors’ personal observations that reflect their long experience covering the energy markets. Discussion topics include:
China’s slowing apparent* oil consumption in 2012
China’s weak petrochemical demand and global price impact
China’s steel production excess and what it means to iron ore and coking coal markets
India’s population and infrastructure growth and its impact on petrochemical markets
India’s expanding automotive industry and subsequent market effects
*Apparent or implied demand is the amount of product that moves through the China’s distribution system, not actual end consumption. Platts calculates China's apparent demand on the basis of crude throughput volumes at the domestic refineries and net oil product imports, as reported by the National Bureau of Statistics and Chinese customs.