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Metal prices could remain soft in 2019, says S&P Global Platts
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Metal prices could remain soft in 2019, says S&P Global Platts
Nov 23, 2018 1:03 PM

The industrial metals are on course for posting yet another weak month. Weighed down by the weak economic data all the eyes are now on the G20 meeting in Argentina at the end of this month.

Senior managing editors of S&P Global Platts Paul Bartholomew and Keith Tan discuss the metals space.

"In China, we are seeing a lot of prices coming off, a bit of softness in the economy, particularly in some of the consumer-driven segments and manufacturing. So, we could start off a little bit sort of soft in 2019 as well" said Bartholomew.

Keith Tan said when the first shots of the trade war were fired, steel and aluminium clearly were the first victims.

"We know China does not export that much of steel to the US. So, we are now looking at what is happening in the downstream segments and we are seeing actually consumption growth for white goods in China, it is still growing but it is at a slower pace," said Tan.

First Published:Nov 23, 2018 10:03 PM IST

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