China leads metals demand recovery as trade tensions dim outlook: analysts

摘要

China is leading the way for metals markets looking to recover from the coronavirus pandemic, as trade tensions with Australia and the US may ultimately raise costs and reduce growth, analysts say. As iron ore spot prices neared $100/dmt CFR China this week, the seaborne market has seen support largely by China's rebound in demand from the coronavirus, BMO Capital Markets head of commodities research Colin Hamilton said in an interview with S&P Global Platts on Friday last.