Motilal Oswal - MOSL: METALS WEEKLY: Alumina prices continue to rise on supply cuts in China

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Motilal Oswal

MOSL: METALS WEEKLY: Alumina prices continue to rise on supply cuts in China

METALS WEEKLY: Alumina prices continue to rise on supply cuts in China

Indian steel: Long product (TMT Mumbai) prices were unchanged WoW. Sponge iron prices were up ~1% WoW, while scrap prices were down ~5% WoW. Domestic iron ore and pellet prices were unchanged. Domestic HRC prices were unchanged. HRC import offers were, however, down ~5% WoW, but export offers were unchanged.
Raw materials: Iron ore prices (China cfr) were up ~1% WoW. Thermal coal prices were unchanged. Coking coal prices were down ~2% WoW. China's pellet import prices were unchanged. Chinese graphite electrode prices were down ~2% WoW.
Europe: HRC prices were unchanged. EU has imposed preliminary duties of 25% if imports exceed the average imports of last three years. CIS HRC export prices were unchanged. Rotterdam scrap prices were down ~4% WoW.
China steel prices: Chinese local HRC and rebar prices were unchanged. Export rebar and HRC prices were also unchanged.
Base metals: Aluminum (cash LME) was down ~1% WoW. Alumina prices continue to rise on supply cuts in China. Copper (cash LME) was down ~2% WoW. Zinc (cash LME) was up ~1%, but lead was down ~3% WoW. Brent crude prices were down ~3% WoW.

24/07/2018 28 EN

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MOSL: METALS WEEKLY: Alumina prices continue to rise on supply cuts in China

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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