Motilal Oswal
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Motilal Oswal
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July 12, 2018 05:43 PM | Commodities

US-China trade war adding uncertainty to metals, says S&P Global Platts's Paul Bartholomew

US-China trade war is adding uncertainty to metal markets, said Paul Bartholomew, senior managing editor at S&P Global Platts.

In an interview to CNBC-TV18, Bartholomew said buyers may delay a bit from making purchases, when they are uncertain about the market direction.

According to Bartholomew, "China is increasingly a sentiment driven market, where there is a lot of participation in steel and raw materials in futures and that can effect physical markets also."

However, when the US first announce proposal for fresh tariffs, the market gets the jitters for few days, prices tend to go down and after some days, it goes back to normal again, he added.

Bartholomew said US President Trump's talk about putting tariffs on auto, white goods etc. is causing uncertainty and that can have some downward pressure on metal prices.

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