Decoding the surge in commodity markets | Jonathan Barratt & Paul Bartholomew to ET NOW
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Jonathan Barratt, Chief Investment Officer, Probis Securities and Paul Bartholomew, Senior Managing Editor, S&P Global Platts speak to ET NOW about the supply shortage stocking and Chinese demand driving the rally. Jonathan Barratt says that we have got a major demand and that China is buying particularly copper and iron ore and that there is a supply issue due to COVID-19 and maybe the prices even may move higher. He even said that there is a good balance between the iron ore costing and steel pricing and the fact that it gives good confidence to international trade when you see the demand. Paul Bartholomew says that there has been some sort of supply issues as well that will help support prices and that $107 a ton is remarkable and that it has been pretty strong all through the Chinese New year and the various stages of lockdown. He even said that it is not just a supply issue it is also that China is producing a lot of steel and in fact 2% more than it did last year which has also supported the metal prices. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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