Sulphur Market Outlook

Size: px
Start display at page:

Download "Sulphur Market Outlook"

Transcription

1 Sulphur Market Outlook Meena Chauhan Head of Sulphur and Sulphuric Acid Integer Research The Fertilizer Institute Outlook and Technology conference Fort Lauderdale, Florida

2 Founded in 2002, Integer Research is a leading consultancy in the fertilizer sector SERVICES PRODUCTS GEOGRAPHY PARTNERS Publications Nitrogen London ICIS Consultancy Phosphates Potash Sulphur and sulphuric acid Beijing Tokyo LMC International Environ Expert subconsultants

3 Sulphur market overview

4 Sulphur: changing market sentiment from by product to yellow gold

5 Sulphur prices historically remained below US$100/tonne across major benchmarks, but the commodity bubble in 2007/2008 changed this US$/tonne 900 Average Middle East sulphur prices, Middle East FOB Prices started increasing in 2007, as supply tightened and downstream markets were also buoyed Jan 2003 Jan 2004 Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Source: Integer, ICIS

6 Recent trends in global sulphur pricing US$/tonne Sulphur prices, September 2014 October 2016 China CFR Middle East FOB Vancouver FOB spot Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Sulphur quarterly average prices (US$ per tonne) Q Q Q Q Q Q Q Q Q Δ%YoY Q3 China CFR % Middle East FOB % Vancouver FOB spot % Source: Integer, ICIS

7 Recent market developments Europe/FSU Consolidation in the chemicals sector Erosion of production in West Europe Kazakhstan project progress Americas Fort McMurray wildfires US sulphur production rebound Mosaic s melter in Tampa Brazilian import demand easing Cuba sulphuric acid plant Middle East, Africa & Asia Climbing inventories in China Barzan/Qatar progress and delays Indian sugar season Morocco processed phosphates expansion Source: Integer

8 Supply

9 The rise in Middle East sulphur production has materialised in 2016, to bring the region to the top global ranking Million tonnes Sulphur supply by region, % Oceania Africa 3.9 South East Asia 10.7 Central Europe 10.3 Latin America South Asia 11.3 West Europe 10.3 East Asia FSU North America Middle East Source: Integer

10 Gas based sulphur production has continued to grow through the year, forecast to represent over 50% of global output Million tonnes Oceania Africa South East Asia Central Europe Latin America South Asia West Europe East Asia FSU North America Middle East Global Sulphur Production, 2016 Other 5.0% 43.4% 51.6% Oil based sulphur Gas based sulphur Global sulphur production by type (%) Oil based Gas based Other Source: Integer

11 What does the low oil price environment mean for the sulphur industry? US$/bbl % Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Brent crude oil price, June 2014 October 2016 Source: Integer, Bloomberg Brent crude prices have been rising since the start of 2016, aiding a more stable outlook but downward pressure remains

12 Sulphur production in the Midwest and Gulf Coast continues to recover, leading to a net increase in US sulphur output 000 tonnes USA: Total sulphur production by PADD (1 5), for H vs H H H PADD 2: Midwest H H , , PADD 4+5: Rocky Mountain/West Coast 2,430 2, H H Sulphur from Natural Gas Sulphur from Petroleum and Coke H H PADD 3: Gulf Coast PADD 1: East Coast Source: Integer, USGS

13 As many oil sands projects have become unfeasible in the low oil price environment, the outlook for Canadian energy has shifted Million bbl/d 6.5 Canadian crude oil production forecast, Extra growth anticipated in 2014 forecast Pentanes/Condensate Eastern Canada Conventional Light and Medium Conventional Heavy Oil sands (operating + in construction) Source: Integer, CAPP (June 2016)

14 Canadian gas production is expected to continue to decrease, leading to a net decline in sulphur output for North America in the outlook Million tonnes Canadian sulphur production, Oil Oilsands Gas Limited growth from the oilsands sector Depletion of wells and challenging economics 3 Impact on sulphur exports from Vancouver Utilization of long term sulphur storage Increase in forming facilities Source: Integer

15 Trade: changing dynamics

16 China remains a central focus for sulphur trade Million tonnes Annual Chinese sulphur imports, M % Jan Sept 2015 Jan Sept 2016 Source: Integer, GTIS

17 China supply sources continue to shift through Saudi Arabia remains the number one supplier while molten sulphur supply from Japan and South Korea increased by over 30% Million tonnes China monthly sulphur imports, January 2015 September Rest of the World India Canada Japan South Korea Turkmenistan Kazakhstan Qatar Iran UAE Saudi Arabia Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Source: Integer, GTIS

18 Moroccan sulphur imports have grown through the year as new processed phosphates capacity has been brought online Million tonnes 0.6 Rest of the World United States 0.5 Saudi Arabia Spain Poland UAE 0.42 Russia 0.45 Morocco monthly sulphur imports, January August 2015 vs Jan 15 Jan 16 Feb 15 Feb 16 Mar 15 Mar 16 Apr 15 Apr 16 May 15 May 16 Jun 15 Jun 16 Jul 15 Jul 16 Aug 15 Aug 16 Source: Integer, GTIS

19 Moroccan sulphur imports have grown through the year as new processed phosphates capacity has been brought online Million tonnes 0.6 Rest of the World United States 0.5 Saudi Arabia Spain Poland UAE Russia 0.45 Morocco monthly sulphur imports, January August 2015 vs Imports from the UAE have increased 48% Tonnes from Poland have also increased, up by 23% Shipments from the US have increased significantly, up by 63% 0.2 Russian imports have dropped by 32% 27% drop in trade from Kuwait % drop from Saudi Arabia. Volumes from Europe have also been declining 0.0 Jan 15 Jan 16 Feb 15 Feb 16 Mar 15 Mar 16 Apr 15 Apr 16 May 15 May 16 Jun 15 Jun 16 Jul 15 Jul 16 Aug 15 Aug 16 Source: Integer, GTIS

20 We expect the US share of Canadian sulphur trade to decline in the outlook Sulphur exports from Canada, 2015 Canada 30% United States Mexico 10% China 20% Brazil Chile 5% 1% Australia 20% Source: Integer, Port Metro

21 Vancouver exports have improved following the production disruption earlier in the year. Exports to China have gained ground through tonnes Vancouver monthly sulphur exports, January August , % 1,800 1,600 1,400 1,200 1, , , Vietnam Guatemala New Zealand USA Morocco Brazil Israel Indonesia New Caledonia Mexico Chile Cuba Australia China Despite the disruption to oilsands production in Q due to the Fort McMurray wildfires, sulphur exports out of Vancouver have firmed Jan Aug 2015 Jan Aug 2016 Source: Integer, Port Metro, Company Sources

22 Demand

23 Sulphur demand is set to grow by over 2% year on year in 2016, led by developments in Africa Million tonnes Sulphur demand by region, % Central Europe Oceania Southeast Asia Middle East West Europe South Asia Latin America FSU Africa North America East Asia Source: Integer

24 Integer forecasts around 4 million tonnes of sulphur demand will emerge over the next ten years in the nonfertilizer sector 000 tonnes Net sulphur non fertilizer demand growth between 2016 and 2026, split by region 4,037 East Asia, led by China, and the FSU, led by Kazakhstan show the largest growth over the forecast period 1,738 Non fertilizer demand for sulphur is expected to decrease in Central Europe 1, Central Europe West Europe Latin America Middle East South East Asia Oceania Africa South Asia North America FSU East Asia Net addition 2026 from 2016 Source: Integer

25 Global sulphur balance

26 The market remains largely balanced in our upside scenario, while the base case surplus hovers around 3 4 million tonnes through the medium term forecast period Million tonnes Global sulphur supply/demand balance, Base case scenario Slow growth scenario Source: Integer

27 Conclusions

28 Key factors influencing long term sulphur market trends Utilization of long term sulphur storage Investment in energy sector shifts in oil prices to impact Development in processed phosphates markets End user ability to switch between sulphur and sulphuric acid Metals markets and commodity pricing for non fertilizer demand Continued rise of new Middle East supply Domestic sulphur production in China Source: Integer

29 Thank you for your attention Any questions? Meena Chauhan Head of Sulphur and Sulphuric Acid research.com +44 (0) All data in the presentation is taken from Integer s Sulphur Market Dynamics Service

Short and Medium-Term Oil Market Outlook. 13 th Shanghai Derivatives Market Forum - 25 May 2016

Short and Medium-Term Oil Market Outlook. 13 th Shanghai Derivatives Market Forum - 25 May 2016 Short and Medium-Term Oil Market Outlook 13 th Shanghai Derivatives Market Forum - 25 May 2016 Oil world changed on Nov. 27 th 2014 $/bbl 120 Brent crude oil 100 80 60 40 Copyright 2016 Argus Media 20

More information

Global Containerboard Outlook

Global Containerboard Outlook Global Containerboard Outlook European Conference March 2018 Gleb Sinavskis Economist, European Paper Packaging Copyright 2018 RISI, Inc. Proprietary Information Gleb Sinavskis Economist, European Paper

More information

Opening address for dinner-debate

Opening address for dinner-debate Opening address for dinner-debate Mohammed Barkindo Acting for the OPEC Secretary General European Parliament Strasbourg, France 4 July 2006 1 Outline Importance of EU-OPEC Energy Dialogue Current oil

More information

4 th IEA-IEF-OPEC Symposium on Energy Outlooks. Riyadh, 22 January 2014

4 th IEA-IEF-OPEC Symposium on Energy Outlooks. Riyadh, 22 January 2014 4 th IEA-IEF-OPEC Symposium on Energy Outlooks Riyadh, 22 January 2014 Spare or stranded?* mb/d 7.0 Medium-Term Oil Market Balance 6.0 5.0 4.0 3.0 2.0 1.0 0.0-1.0 2004 2005 2006 2007 2008 2009 2010 2011

More information

Market Report Series Oil SIEW 2017 launch - 28 March 2017

Market Report Series Oil SIEW 2017 launch - 28 March 2017 Market Report Series Oil 2017 SIEW 2017 launch - 28 March 2017 Oil demand continues to grow but at a slower pace 2.0 Global oil demand growth 2014-2022 1.5 1.0 0.5 0.0 2014 2015 2016 2017 2018 2019 2020

More information

Pressure building in the tin market?

Pressure building in the tin market? Pressure building in the tin market? DATE: 25 May 2017 PREPARED BY: Cui Lin PREPARED FOR: SHFE Conference Presentation overview 2016 in review Recent market trends The outlook for supply and demand Summary

More information

Index, nominal terms, 2010 = Energy. Agriculture Metals

Index, nominal terms, 2010 = Energy. Agriculture Metals Outline Broad commodity price trends Index, nominal terms, 2010 = 100 180 150 Energy 120 90 60 Agriculture Metals 30 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Source:

More information

Energy and commodity price benchmarking and market insights

Energy and commodity price benchmarking and market insights DeWitt Energy and commodity price benchmarking and market insights London, Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai,

More information

United Nations Conference on Trade and Development

United Nations Conference on Trade and Development United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty

More information

Global Containerboard Outlook

Global Containerboard Outlook Global Containerboard Outlook With a focus on the Asian market RISI Asian Conference May 2017 Ken Waghorne VP, Global Packaging Ken Waghorne VP Global Packaging kwaghorne@risi.com One of the original Resource

More information

Market Insights. June 30, 2018

Market Insights. June 30, 2018 June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%

More information

Market Insights. March 29, 2019

Market Insights. March 29, 2019 March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%

More information

Global growth prospects

Global growth prospects Global growth prospects Percent 6 Advanced Economies Emerging Markets and Developing Economies 5 4.9 5.0 4.7 4.7 4.5 4 4.3 4.3 3.7 3.7 3 2 2.3 2.3 2.2 2.0 2.0 1.7 1.7 1 1.1 1.3 0 2012 2013 2014 2015 2016

More information

Outlook for Global Recovered Paper Markets

Outlook for Global Recovered Paper Markets Outlook for Global Recovered Paper Markets Latin American Conference August 2016 Kurt Schaefer VP, Fiber Hannah Zhao Senior Economist, Recovered Paper Copyright 2016 RISI, Inc. Proprietary Information

More information

Rebalancing Global Crude Flows

Rebalancing Global Crude Flows Rebalancing Global Crude Flows John Mayes Director of Special Studies AFPM Annual Meeting San Antonio, Texas March 24, 2015 TM&C North American Crude & Condensate Outlook TM&C publishes North American

More information

Rebalancing Global Crude Flows

Rebalancing Global Crude Flows Rebalancing Global Crude Flows John R. Auers Executive Vice President AIChE Dallas Chapter April Section Meeting April 28, 2015 Page 1 TM&C North American Crude & Condensate Outlook TM&C began publishing

More information

FREIGHT DYNAMICS IN THE LOW PRICE CLIMATE METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM

FREIGHT DYNAMICS IN THE LOW PRICE CLIMATE METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM FREIGHT DYNAMICS IN THE LOW PRICE CLIMATE METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM JUNE 216 PRESENTATION STRUCTURE year-to-date freight market in perspective 1q16 sees vessel earnings sink to historic

More information

Alistair Wallace. Director, Senior Consultant and Nitrogen Team Lead CRU Group. Nitrogen Outlook

Alistair Wallace. Director, Senior Consultant and Nitrogen Team Lead CRU Group. Nitrogen Outlook Alistair Wallace Director, Senior Consultant and Nitrogen Team Lead CRU Group Nitrogen Outlook Strong demand fundamentals underpin nitrogen market, but... Presentation Structure...producers have overcooked

More information

OIL MARKET REPORT OCTOBER 2018

OIL MARKET REPORT OCTOBER 2018 16 November OIL MARKET REPORT OCTOBER EXECUTIVE SUMMARY In October crude oil market caught a bear flu after almost gripping the $90 per barrel price level (Brent). In the beginning of October the market

More information

18 th May Global Steel Industry Trends: Is the perception the reality?

18 th May Global Steel Industry Trends: Is the perception the reality? 18 th May 2004 Global Steel Industry Trends: Is the perception the reality? Investors have perceived the steel industry negatively Poor returns over the long term, high volatility, relatively small size

More information

2012 Annual Conference THE HEAT IS ON! A New World Competition

2012 Annual Conference THE HEAT IS ON! A New World Competition 2012 Annual Conference THE HEAT IS ON! A New World Competition Going for Gold! Review of Global Hotel Performance with a focus on Olympic performance Elizabeth Winkle, STR Global InterContinental Buckhead

More information

IBSA Goalball World Rankings 31 December 2017 Men's Division

IBSA Goalball World Rankings 31 December 2017 Men's Division IBSA Goalball World Rankings 31 December 2017 Men's Division Rank No v Oc t Se p Au g Ju l Team Region Score Goal Diff Results Gol p Gme Last Plyd Weight 1st 5 6 6 1 2 Brazil Americas 661.802 4.564 0.872

More information

Recent Events in the Market for Canadian Snow Crab

Recent Events in the Market for Canadian Snow Crab Recent Events in the Market for Canadian Snow Crab Overview The quantity of snow crab produced and exported by Canada increased dramatically through the late 1990s, but has levelled off and remained quite

More information

Economic & Financial Market Outlook

Economic & Financial Market Outlook Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets

More information

MIDDLE EAST ENERGY SITUATION AND OUTLOOK IRAQ ENERGY FORUM 2017

MIDDLE EAST ENERGY SITUATION AND OUTLOOK IRAQ ENERGY FORUM 2017 MIDDLE EAST ENERGY SITUATION AND OUTLOOK IRAQ ENERGY FORUM 2017 2017 1 OVERVIEW OF GLOBAL ENERGY MARKETS 2 Energy exports/imports (million tonnes) 1990 1995 2000 2005 2010 2014 2015 2020 2025 2030 2035

More information

Japanese Market Potential

Japanese Market Potential Growth Strategy (announced on 14 June 2013) : Japan is BACK. Overall Target: 2% Real GDP Growth in the next 10 years JPY1.5 million Increase of GNI/capita after 10 years Unleash the Potential of Private

More information

Manufacturers Continue Capacity Expansion as Technology Orders Grow

Manufacturers Continue Capacity Expansion as Technology Orders Grow Contact: Penny Brown, AMT, 703-827-5275 pbrown@amtonline.org For Release: October 8th, 2018 Manufacturers Continue Capacity Expansion as Technology Orders Grow Manufacturing technology orders posted an

More information

OIL MARKET REPORT DECEMBER 2016

OIL MARKET REPORT DECEMBER 2016 18 January 217 OIL MARKET REPORT DECEMBER EXECUTIVE SUMMARY Since OPEC end-november meeting the price has been trading above $5 per bbl. Implementation of the deal and new promises from Saudi Arabia will

More information

New Growth Segments for the Air Cargo Industry

New Growth Segments for the Air Cargo Industry Page 1 New Growth Segments for the Air Cargo Industry 4 th Air Cargo Economics Conference Prague, April 22-23, 2004 Page 2 Assumptions Primary commodity sectors and their growth Perishables: are they really

More information

DECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015

DECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015 DECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015 1 EVERYONE HAS A PLAN UNTIL THEY GET PUNCHED IN THE FACE 2 HE WHO IS NOT COURAGEOUS ENOUGH TO TAKE RISKS WILL ACCOMPLISH NOTHING IN LIFE 3 IT

More information

Oil Prices: Past, Present, & Future

Oil Prices: Past, Present, & Future Oil Prices: Past, Present, & Future Gulf Research Center November 23, 2005 A. F. Alhajji*, PhD Gulf Energy Program - Moderator Gulf Research Center Dubai, UAE *A. F. Alhajji, PhD is also George Patten

More information

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE PCI Xylenes & Polyester Doug Rightler Discussion Points» MEG demand growth by region.» MEG supply - China is in control or is it?» Price drivers - the Chinese

More information

Percent

Percent Outline Outline Growth is picking up Percent 6 Advanced economies Emerging and developing economies 5 4 4.9 5.0 4.3 4.4 4.6 4.7 4.7 3.7 3.7 3 2 2.0 2.3 1.6 2.2 2.3 1.9 1.7 1 1.1 1.3 0 2012 2013 2014 2015

More information

Steel Market Outlook. AM/NS Calvert

Steel Market Outlook. AM/NS Calvert Steel Market Outlook AM/NS Calvert Agenda Economic indicators Key steel consuming markets and forecasted demand Steel consumptions trends Global steel markets and raw materials Comments on trade 1 U.S.

More information

Market Report Series Oil 2017

Market Report Series Oil 2017 Market Report Series Oil 2017 Neil Atkinson, Head Oil Industry & Markets Division, IEA International Institute for Strategic Studies, Bahrain, 17 September 2017 Oil demand continues to grow but at a slower

More information

OIL MARKET OUTLOOK, MAIN UNCERTAINTY FACTORS & PRICE INDICATIONS TO Symposium Energieinnovation

OIL MARKET OUTLOOK, MAIN UNCERTAINTY FACTORS & PRICE INDICATIONS TO Symposium Energieinnovation OIL MARKET OUTLOOK, MAIN UNCERTAINTY FACTORS & PRICE INDICATIONS TO 2020 11. Symposium Energieinnovation 23 February 2010 Johannes Benigni JBC Energy GmbH 10. Februar 2010 Research Energy Studies Consulting

More information

Dry Bulk Shipping in Indonesia Opportunities & Outlook

Dry Bulk Shipping in Indonesia Opportunities & Outlook Dry Bulk Shipping in Indonesia Opportunities & Outlook Mare Forum, Jakarta 27 Peter Malpas 29 th November 27 Introduction Indonesia Key Facts Land Area 1,919,44 km2 = World s s 16 th Largest Population

More information

Global Construction Outlook: Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009

Global Construction Outlook: Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009 Global Construction Outlook: Short-term term Pain, Long-term Gain Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009 What This Means for You The world is set to be hit this year with

More information

Global Containerboard Outlook

Global Containerboard Outlook Global Containerboard Outlook With a focus on the European market RISI European Conference March 2017 Gleb Sinavskis Associate Economist, European Paper Packaging Gleb Sinavskis Associate Economist, European

More information

The outlook: what we know, the known unknowns and the unknown unknowns

The outlook: what we know, the known unknowns and the unknown unknowns The outlook: what we know, the known unknowns and the unknown unknowns 24 April 2017 Seoul Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1

More information

The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies

The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers

More information

Potash Outlook. Kevin Stone Natural Resources Canada. TFI Fertilizer Outlook and Technology Conference Fort Lauderdale, Florida November 16, 2016

Potash Outlook. Kevin Stone Natural Resources Canada. TFI Fertilizer Outlook and Technology Conference Fort Lauderdale, Florida November 16, 2016 1 Potash Outlook Kevin Stone Natural Resources Canada TFI Fertilizer Outlook and Technology Conference Fort Lauderdale, Florida November 16, 2016 2 Outline Historical Consumption and Supply Outlook for

More information

Monthly Digest February 2016 No. 2016/04. Copyrights Statistics Botswana 2016

Monthly Digest February 2016 No. 2016/04. Copyrights Statistics Botswana 2016 STATISTICS BOTSWANA BOTSWANA INTERNATIONAL MERCHANDISE TRADE STATISTICS Monthly Digest February 2016 No. 2016/04 Copyrights Statistics Botswana 2016 Contact Statistician: Malebogo Rakgantswana Email: mrakgantswana@gov.bw

More information

Current situation and prospects for copper, nickel, lead and zinc

Current situation and prospects for copper, nickel, lead and zinc Global Commodities Forum Palais des Nations, Geneva 22-23 March 2010 Current situation and prospects for copper, nickel, lead and zinc by Mr. Don Smale, Secretary General, International Lead and Zinc Study

More information

Global Boxboard Market Review

Global Boxboard Market Review Global Boxboard Market Review Sailing In A World Of Volatility And Uncertainty European Conference March 2018 Alejandro Mata Senior Economist, European Forest Products Copyright 2018 RISI, Inc. Proprietary

More information

Outline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook

Outline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook 2017 International Economic Outlook Everett Grant Research Economist Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas October 2017 The views expressed are those of the author and

More information

2017/18 Corn Outlook

2017/18 Corn Outlook 217/18 Corn Outlook 217 Ag Econ In service Training Dr. S. Aaron Smith, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee https://ag.tennessee.edu/arec/pages/cropeconomics.aspx

More information

Energy Security: Markets and Policy

Energy Security: Markets and Policy Energy Security: Markets and Policy Pierre Noël EPRG, University of Cambridge Critical Infrastructure Conference, London, 20 April 2011 Contents Global Oil and the Middle East European Gas and Russia Japan

More information

Analyzing the Energy Economy Michael Plante Senior Research Economist

Analyzing the Energy Economy Michael Plante Senior Research Economist Federal Reserve Bank of Dallas Analyzing the Energy Economy Michael Plante Senior Research Economist Disclaimer Disclaimer: The statements in this presentation do not represent the official views of the

More information

Outlook for the U.S. Livestock and Poultry Sectors in 2011

Outlook for the U.S. Livestock and Poultry Sectors in 2011 Outlook for the U.S. Livestock and Poultry Sectors in 2011 Presented By Shayle D. Shagam World Agricultural Outlook Board, USDA USDA Outlook Forum Washington, D.C. February 25, 2011 Situation Facing Livestock

More information

DG AGRI DASHBOARD: CITRUS FRUIT Last update:

DG AGRI DASHBOARD: CITRUS FRUIT Last update: 8.000 7.000 6.000 5.000 4.000 3.000 2.000 1.000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Small citrus (group mandarines): clementines,

More information

World supply and demand of tilapia

World supply and demand of tilapia World supply and demand of tilapia by Helga Josupeit FAO Rome, October 2010 World tilapia production World tilapia production has been booming during the last decade, with output doubling from 830000 tonnes

More information

Global Economic & Truck-Market Overview: The Next Five Years

Global Economic & Truck-Market Overview: The Next Five Years AUTOMOTIVE Global Economic & Truck-Market Overview: The Next Five Years 22 September 2016 Hannover, Germany Andrej Divis, Director, IHS Automotive +1 703 346 2331, Andrej.Divis@ihsmarkit.com 2 Index, over

More information

I. World trade in Overview

I. World trade in Overview I. Table I.1 Growth in the volume of world merchandise exports and production by major product group, 1995-3 ( change) 1995-21 22 23 World merchandise exports 7. -.5 3. 4.5 Agricultural products 3.5 2.5

More information

State of American Trucking

State of American Trucking State of American Trucking October 11, 2018 Rod Suarez Economic Analyst American Trucking Associations rsuarez@trucking.org Business Cycles U.S. Expansions Duration October 1949 - July 1953 May 1954 -

More information

Global economic cycle has slowed

Global economic cycle has slowed Year-on-year % change Confidence index, 50= no change Global economic cycle has slowed 25% 70 20% International trade growth 65 15% 10% Industrial production growth 60 5% 55 0% 50-5% Business confidence

More information

Global Nitrogen Supply & Demand TFI Outlook, Jacksonville. November 2018

Global Nitrogen Supply & Demand TFI Outlook, Jacksonville. November 2018 Global Nitrogen Supply & Demand TFI Outlook, Jacksonville November 2018 Alistair Wallace Integer Research, London E: alistair.wallace@integer-research.com London Integer Research Ltd Invicta House, 108-114

More information

2017/18 Soybean Outlook

2017/18 Soybean Outlook 217/18 Soybean Outlook 217 Ag Econ In service Training Dr. S. Aaron Smith, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee https://ag.tennessee.edu/arec/pages/cropeconomics.aspx

More information

Airline industry outlook 2019

Airline industry outlook 2019 Airline industry outlook 2019 Brian Pearce Chief Economist 12 December 2018 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale) FTSE

More information

Energy Trends and Emissions in the Former Soviet Union

Energy Trends and Emissions in the Former Soviet Union Energy Trends and Emissions in the Former Soviet Union GTSP Annual Meeting May 29, 2008 Presented by M. Evans Looking back Overview Economic and demographic trends Energy trends and energy intensity Toward

More information

High crop prices: Positive for fertilizer demand what about supply? Dag Tore Mo, Head of Market Intelligence

High crop prices: Positive for fertilizer demand what about supply? Dag Tore Mo, Head of Market Intelligence High crop prices: Positive for fertilizer demand what about supply? Dag Tore Mo, Head of Market Intelligence Key global fertilizer products Nitrogen N Ammonia 4% Other 11% DAP/MAP 6% Potash K 2 O Phosphate

More information

ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 2014 Venue: Conference Room, MPMA, Petaling Jaya

ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 2014 Venue: Conference Room, MPMA, Petaling Jaya ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 214 Venue: Conference Room, MPMA, Petaling Jaya Raw Materials Present and Future Regional/World Capacities

More information

2019 Global Travel Forecast: Air, Hotel and Ground Prices

2019 Global Travel Forecast: Air, Hotel and Ground Prices 2019 Global Travel Forecast: Air, Hotel and Ground Prices Methodology 28 countries and 10 US cities Airlines, Hotel, Rental Car Forecast in USD, guidelines on currency exchange forecast Forecast projections

More information

Serving international shoppers during the holiday season. 4 th December 2018

Serving international shoppers during the holiday season. 4 th December 2018 1 Serving international shoppers during the holiday season 4 th December 2018 Agenda 2 1 Vinod Paul, Head of Business Intelligence and Insights Sales seasonality Key nationalities Monthly arrivals 2 Said

More information

Foreign overnights in the Nordic countries 2015

Foreign overnights in the Nordic countries 2015 Foreign overnights in the Nordic countries 2015 Sources: Statistics Statistics Statistics Statistics July 2016 VISIT FINLAND STATISTICS Contents Foreign overnights in the Nordic countries.4 Overnights

More information

U.S. Crude Exports Where Would They Go?

U.S. Crude Exports Where Would They Go? U.S. Crude Exports Where Would They Go? 2 nd Annual Crude-by-Water Conference Houston, TX November 17, 2015 John R. Auers Executive Vice President TM&C Overview International consulting practice since

More information

Perspectives sur le Plomb et le Zinc Previsions a Court Term et Developpements Futurs. Don Smale, Secretary-General, ILZSG

Perspectives sur le Plomb et le Zinc Previsions a Court Term et Developpements Futurs. Don Smale, Secretary-General, ILZSG Perspectives sur le Plomb et le Zinc Previsions a Court Term et Developpements Futurs Don Smale, Secretary-General, ILZSG Journees Nationales du FDIM 23-25 November 2005, Marrakech ILZSG Overview Established

More information

Market Opportunities for Irish Dairy 2025

Market Opportunities for Irish Dairy 2025 Market Opportunities for Irish Dairy 2025 National Dairy Conference 2014 Red Cow Moran Hotel, Dublin Aidan Cotter Chief Executive Wednesday, 19 th November, 2014 AIDAN COTTER BORD BIA CHIEF EXECUTIVE 28

More information

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1 Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin

More information

U.S. Oil & Gas Industry Chartbook

U.S. Oil & Gas Industry Chartbook U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX September 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya Argentaria s (BBVA) BBVA Research U.S. on behalf of itself and

More information

FREIGHT AND LOWER COMMODITY PRICES METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM

FREIGHT AND LOWER COMMODITY PRICES METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM FREIGHT AND LOWER COMMODITY PRICES METAL BULLETIN INTERNATIONAL IRON ORE SYMPOSIUM JUNE 215 PRESENTATION STRUCTURE current situation acutely depressed actual & expected earnings China slowdown more severe

More information

SA economic review Kevin Lings. August 2018

SA economic review Kevin Lings. August 2018 SA economic review Kevin Lings August 2018 South Africa real GDP growth year-on-year %y/y 8 7 6 5 Ave 4.3% 4 Ave 2.5% 3 2 Ave 0.9% 1 0-1 -2-3 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 2

More information

Perspectives on the long-term outlook for iron ore

Perspectives on the long-term outlook for iron ore Perspectives on the long-term outlook for iron ore John Barkas john.barkas@metalytics.com.au Iron Ore 2015 Perth WA, 13 July 2015 Disclaimer Metalytics is a consultancy based in Sydney, Australia that

More information

Global Industry Perspective Greg Tyler, Vice President of Marketing USA Poultry & Egg Export Council

Global Industry Perspective Greg Tyler, Vice President of Marketing USA Poultry & Egg Export Council Global Industry Perspective Greg Tyler, Vice President of Marketing USA Poultry & Egg Export Council UNECE Meetings Atlanta, Georgia April 24 th, 2012 USAPEEC & its Mission The USA Poultry & Egg Export

More information

EMERGING AUTOMOTIVE, CRUDE OIL, AND CHEMICALS SUPPLY CHAINS IN THE US SOUTHEAST

EMERGING AUTOMOTIVE, CRUDE OIL, AND CHEMICALS SUPPLY CHAINS IN THE US SOUTHEAST SEPTEMBER 2015 EMERGING AUTOMOTIVE, CRUDE OIL, AND CHEMICALS SUPPLY CHAINS IN THE US SOUTHEAST Presentation to the Southeast Association of Rail Shippers 2015 Fall Conference, Orlando, Florida Christopher

More information

INDUSTRY IN FIGURES July/2018

INDUSTRY IN FIGURES July/2018 INDUSTRY IN FIGURES July/2018 1. Industry performance (short-term indicators) Main industrial indicators Variable May18/Apr18 (%) seasonally adjusted May18/May17 (%) Accumulated rate in the last 12 months;

More information

Trade Growth - Fundamental Driver of Port Operations and Development Strategies

Trade Growth - Fundamental Driver of Port Operations and Development Strategies Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic

More information

2018 Cotton Market Outlook: At What Price Should I Get Back Into Cotton?

2018 Cotton Market Outlook: At What Price Should I Get Back Into Cotton? 2018 Cotton Market Outlook: At What Price Should I Get Back Into Cotton? S. Aaron Smith, Crop Marketing Specialist, Assistant Professor, Department of Agricultural and Resource Economics, University of

More information

Status and futures in the fishmeal industry

Status and futures in the fishmeal industry Status and futures in the fishmeal industry By Gunn Strandheim Irish Pelagic Seminar Killybegs, Ireland 11th of November - 211 Global fishmeal production Subject. Resource situation in the fishmeal industry

More information

Session 4. Growth. The World Economy Share of Global GDP Year 2011 (PPP)

Session 4. Growth. The World Economy Share of Global GDP Year 2011 (PPP) Session 4. Growth Stylized Facts on Standards of Living across Countries Characterizing Growth over 1 Years: The US Economy Growth Dynamics of the G7 Countries and the OECD Economies Characterizing Growth

More information

INDUSTRY IN FIGURES November/2018

INDUSTRY IN FIGURES November/2018 INDUSTRY IN FIGURES November/2018 1. Industry performance (short-term indicators) Main industrial indicators Variable Sep18/Aug18 (%) seasonally adjusted Sep18/Sep17 (%) Accumulated rate in the last 12

More information

USTA Player Development 2017 Excellence Grant Criteria Jr Girls, Collegiate & Professional Players

USTA Player Development 2017 Excellence Grant Criteria Jr Girls, Collegiate & Professional Players USTA Player Development 2017 Excellence Grant Criteria Jr Girls, Collegiate & Professional Players In order to encourage the development of U.S. players we have designed USTA Player Development Excellence

More information

INDUSTRY IN FIGURES June/2018

INDUSTRY IN FIGURES June/2018 INDUSTRY IN FIGURES June/2018 1. Industry performance (short-term indicators) Main industrial indicators Variable Apr18/Mar18 (%) seasonally adjusted Apr18/Apr17 (%) Accumulated rate in the last 12 months;

More information

Global growth forecasts Key countries/regions,

Global growth forecasts Key countries/regions, Global growth forecasts Key countries/regions, 2014-2018 Percent 7 6 5 4 3 2 1 0 Developing Asia Sub-Saharan Africa Middle East and North Africa Latin America and the Caribbean United States Euro area

More information

INDUSTRY IN FIGURES January/2019

INDUSTRY IN FIGURES January/2019 INDUSTRY IN FIGURES January/2019 1. Industry performance (short-term indicators) Main industrial indicators Variable Nov18/Oct18 (%) seasonally adjusted Nov18/Nov17 (%) Accumulated rate in the last 12

More information

Economic Update and Outlook

Economic Update and Outlook Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and

More information

Beef Cattle Market Update

Beef Cattle Market Update Beef Cattle Market Update August 8, 2017 Dr. Scott Brown Agricultural Markets and Policy Division of Applied Social Sciences University of Missouri brownsc@missouri.edu http://amap.missouri.edu Twitter

More information

Commodity prices ( pink sheet ) are updated on the third business day of each month (the next update will be posted on May 4, 2016).

Commodity prices ( pink sheet ) are updated on the third business day of each month (the next update will be posted on May 4, 2016). The latest edition of the World Bank s Commodity Markets Outlook was published on January 26, 2016. The next edition will be published tomorrow at 3:00 pm EST! Commodity prices ( pink sheet ) are updated

More information

Market Report Series. Spanish Energy Club, Madrid, 3 May 2018

Market Report Series. Spanish Energy Club, Madrid, 3 May 2018 Market Report Series Oil 2018 Spanish Energy Club, Madrid, 3 May 2018 Neil Atkinson, Head of Oil Industry and Markets Division Toril Bosoni, Senior Oil Market Analyst, Oil Industry and Markets Division

More information

OIL MARKET OUTLOOK AND WHAT NEXT FOR THE SOUTH EAST ASIAN OFFSHORE MARKET VIJAY KRISHNAN

OIL MARKET OUTLOOK AND WHAT NEXT FOR THE SOUTH EAST ASIAN OFFSHORE MARKET VIJAY KRISHNAN OIL MARKET OUTLOOK AND WHAT NEXT FOR THE SOUTH EAST ASIAN OFFSHORE MARKET VIJAY KRISHNAN rystad energy introduction Office locations Rystad Energy is an independent databases and consulting services firm,

More information

Impacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker

Impacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker Impacts of the Global Economy on Asia Pacific Travel 29 June 2007 John Walker jwalker@oxfordeconomics.com Oxford Economics Founded in 1981 Over 300 clients including blue chip companies and government

More information

Cattle Market Outlook & Important Profit Factors for Cattle Producers

Cattle Market Outlook & Important Profit Factors for Cattle Producers Cattle Market Outlook & Important Profit Factors for Cattle Producers Dr. Scott Brown Agricultural Markets and Policy Division of Applied Social Sciences brownsc@missouri.edu http://amap.missouri.edu $

More information

Market Outlook January,

Market Outlook January, Market Outlook 2004 January, 2004 www.teekay.com Forward Looking Statements This document contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended)

More information

Outlook Global Automotive Industry

Outlook Global Automotive Industry Outlook Global Automotive Industry Jonathon Poskitt, Director, Global Sales Forecasts TAYSAD Aftermarket Conference Istanbul, 25 May 2018 LMC Automotive Global Presence Regional Expertise Local Support

More information

FAPRI 2006 Preliminary Baseline December 15-16, 2005

FAPRI 2006 Preliminary Baseline December 15-16, 2005 FAPRI 26 Preliminary Baseline December 15-16, 25 INTERNATIONAL SUGAR Amani Elobeid (515)-294-6175 amani@iastate.edu FAPRI Food and Agricultural Policy Research Institute Center for Agricultural and Rural

More information

International Economic Outlook: Shifting International Trade Routes

International Economic Outlook: Shifting International Trade Routes International Economic Outlook: Shifting International Trade Routes Larry Boorstein, Project Manager, AECOM Prepared for Shifting International Trade Routes, January 29-30, 2015, Tampa, presented by AAPA

More information

DG AGRI DASHBOARD: CITRUS FRUIT Last update:

DG AGRI DASHBOARD: CITRUS FRUIT Last update: 14 000 12 000 10 000 8 000 6 000 4 000 2 000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Small citrus (group mandarines): clementines, satsumas

More information

Cargo outlook Brian Pearce Chief Economist. 13 December 2018

Cargo outlook Brian Pearce Chief Economist. 13 December 2018 Cargo outlook 2019 Brian Pearce Chief Economist 13 December 2018 1 Cargo revenue contribution stabilizing 2 % total revenues 82% 80% 78% 76% 74% 72% 70% 68% 66% 64% 62% 2008 2009 2010 2011 2012 2013 2014

More information

Mobarakeh Steel Company (MSC) Can Iranian slabs & HRC support SE Asian steel industries?

Mobarakeh Steel Company (MSC) Can Iranian slabs & HRC support SE Asian steel industries? (MSC) Can Iranian slabs & HRC support SE Asian steel industries? JAKARTA June 2018 Iranian slab, an opportunity for SE Asia flat producers Overview of global slab trade Slab trade in SE Asia (MSC) An overview

More information

Economic Outlook March Economic Policy Division

Economic Outlook March Economic Policy Division Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real

More information