Motilal Oswal - MOSL: METALS WEEKLY-Alumina continues to rise due to bauxite supply disruption

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Motilal Oswal

MOSL: METALS WEEKLY-Alumina continues to rise due to bauxite supply disruption

â€‹METALS WEEKLY: Alumina continues to rise due to bauxite supply disruption

Indian steel: Long product (TMT Mumbai) prices were up ~2% WoW. Sponge iron and domestic scrap prices were up ~1% WoW. Domestic iron ore prices were unchanged. Pellet prices were lower. Domestic HRC prices were unchanged, but import price offers fell ~2% WoW.
Raw materials: Iron ore prices (China cfr) were unchanged as the market is quiet due to Chinese holidays. Chinese iron ore port inventories were marginally lower, while Chinese import data for September were strong. Thermal coal prices were unchanged. Coking coal prices were down ~2% WoW. Chinaâ€™s pellet import prices were down ~4% WoW.
Europe: HRC prices were unchanged, but HRC product spreads were marginally higher. CIS HRC export prices were down ~6% WoW. Rotterdam scrap prices were up ~5% WoW.
China: Local HRC and rebar prices were unchanged. However, export HRC and rebar prices were down ~2% and 3% WoW, respectively.
Base metals: Aluminum (cash LME) prices were up ~1% WoW. Alumina prices were up ~5% WoW due to bauxite supply disruption. Zinc (cash LME) was unchanged. Lead was unchanged. Copper was up ~3% WoW. Crude oil (Brent) prices were up ~3% WoW.

17/10/2017 28 EN

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MOSL: METALS WEEKLY-Alumina continues to rise due to bauxite supply disruption

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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