Downstream Demand Analyst (Metals)

Role Summary 

Build and maintain data-driven end-use demand models across global metals markets, translating sector-level insights into actionable views for trading and investment. 

1. → Demand Modelling 

• →Develop bottom-up end-use demand models (starting with China, then globally and covering major regional markets) across key sectors (e.g. real estate, transportation, power generation and distribution, infrastructure, data centres / AI, appliances). 

• →Conduct intensity analysis and forward demand projections, adjusting for cyclical effects (e.g. demand destruction vs deferral). 

• →Track inventories across the value chain using semi-finished and end-use data. 

• →Analyse capacity across end-use sectors to consume scrap vs refined metals. 

1. → Data Integration & Monitoring

• →Build scalable data pipelines integrating national statistics, industry data, company disclosures, and alternative data (e.g. shipping, customs, satellite). 

• →Generate model outputs programmatically, incorporating real-time and high-frequency macro data. 

• →Develop dashboards to present key high-frequency indicators in a clear, actionable format. 

1. → Market Analysis & Insights

• →Identify market inefficiencies and relative value opportunities across commodities and regions. 

• →Perform scenario analysis incorporating macro, policy, and geopolitical factors. 

• →Support trading and portfolio positioning with timely, data-driven insights. 

Key Requirements 

Experience & Knowledge 

• →5+ years’ experience in metals/commodity research, with strong focus on first-use and end-use demand. 

• →Deep understanding of downstream sectors and global metals value chains. 

• →Familiarity with scrap markets, trade flows, and industry dynamics. 

Technical Skills 

• →Advanced Python programming (model development, data pipelines). 

• →Strong SQL proficiency. 

• →Experience working with large, multi-source datasets and real-time data systems. 

Other Skills 

• →Strong analytical and problem-solving capabilities. 

• →Ability to operate in a fast-paced, collaborative environment. 

• →Excellent communication skills (written and verbal, English).