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Posted on 05/05/2011 6:04:53 AM PDT by blam
Some Jawdropping Facts About Chinese Commodity Consumption
Gus Lubin
May 5, 2011, 6:37 AM
The preeminent driver of the commodity bull market is China.
Michael Pettis presents some incredible numbers in his latest newsletter. While China's GDP is only 9.4% of the global economy, and its population is 19% of the world population...
Cement demand represents 53.2% of global demand
* Iron ore = 47.7%
* Coal = 46.9%
* Pigs = 46.4%
* Steel = 45.4%
* Lead = 44.6%
* Zinc = 41.3%
* Aluminum = 40.6%
* Copper = 38.9%
* Eggs = 37.2%
* Nickel = 36.3%
Some of that demand is relatively stable, like food consumption. The world's largest country has a middle class that can afford meat for the first time.
Some of it is less so, like building materials, which depend on fixed asset investment. Other markets, like copper, have been inflated by stockpiling.
You know what happens when China slows down.
(Excerpt) Read more at businessinsider.com ...
Deflation?
Talk of QE-3?
Where are all of the people who say things like “The U.S. is only 5% of the population but uses 25% of the energy?’
Red Communist China is only 20% of the population but uses more than HALF of all the cement!
Their consumption of lumber from North America has tripled in the last couple years.
Consumption from British Columbia has doubled in the last year.
China’s demand for lumber from Canada with surpase the US within the next year.
For an underdeveloped country of 1.3 billion people?
Where’s Captain Obvious when you need him?
naaaa, get in your SUV and be quiet.
Obama and his whitehut are those ill informed people who want to make us believe that we are the greatest consumers. We are and will be nothing relative to China. Wait till India turns on!
... and both have ZERO pollution infrastructure nor do they want it as developing countries.
I will confess that for having some good information, the incredibly crappy format and layout of the article took away a lot from it.
First of all, what rocket surgeon thought that an article would be improved by formatting the text like a slideshow? Or are those separate articles? And yes, while commodities include both metals and agricultural products, traditionally you are supposed to list them separately, otherwise you create confusion.
It is Sesame Street level learning. “Which of these things belong together?” Cement, iron ore, coal, pigs (pig iron?), steel, lead, zinc, aluminum, copper, eggs (copper eggs?), nickel.
19% of the world’s people eat 37% of the eggs...what’s up with that?
Egg FOO Yung?
No FDA to tell them Eggs are bad for them.
“* Pigs = 46.4%”
Noooooo! We can’t let the dang Red Chinese edge us out on pork consumption! It’s time for every red-blood American to loosen their belts, eat a bacon-ham-pork chop sandwich, and win one for the Gipper!
Maybe they're stockpiling em for later in the form of "century eggs".
The Chinese already buy more cars than Americans.
Maybe they should stop buying Americans.
Smithfield CEO: Higher Food Prices Are Here To Stay
The CEO of Smithfield Farms, the largest pork producer in the US. Among other things he said:
"And we’re going to be seeing food shortages in the US in the coming months."
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