China's rapid recovery from COVID-19 may not stall metals price fall

摘要

China's metals sector is showing rapid recovery from COVID-19 disruption but trade disruptions in other parts of the world impacted by the virus pose key risks to this recovery, analysts, including at S&P Global Platts said. After price fall in recent days in base and platinum group metals and even gold, metals prices could fall yet further in this new scenario, analysts at consultancy Roskill and ING Bank said. Roskill's Neal Brewster described the fall in metals prices so far this year as "relatively modest," while ING's senior commodities strategist Wenyu Yao maintains the metals market "has yet to hit bottom" with a short-term outlook that "is only getting gloomier."