Qube Research & Technologies

Downstream Demand Analyst (Metals)

Qube Research & Technologies

ShanghaiPosted Jun 15, 2026

Job description

** 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.

** Core Responsibilities **

  • ** 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.

  • ** 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.

  • ** 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).