Motilal Oswal - MOSL: METALS WEEKLY-Aluminum and alumina prices continue increasing

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Motilal Oswal

MOSL: METALS WEEKLY-Aluminum and alumina prices continue increasing

METALS WEEKLY: Aluminum and alumina prices continue increasing

Indian steel: Long product (TMT Mumbai) prices were down ~2% WoW. Sponge iron prices were down ~3% WoW, while domestic scrap prices declined ~3% WoW. NMDC cut domestic iron ore prices by INR100/t. Pellet prices were marginally higher. Domestic HRC prices were unchanged, while import and export offers were marginally lower.
Raw materials: Iron ore prices (China cfr) were up ~2% WoW. Thermal coal prices were up ~1% WoW. Coking coal prices were down ~3% WoW. China’s pellet import prices were marginally higher WoW. Chinese graphite electrode prices were down ~2% WoW.
Europe: HRC prices were down ~2% WoW. CIS HRC export prices were unchanged. Rotterdam scrap prices were down ~1% WoW.
China: Chinese local HRC and rebar prices were marginally higher WoW. Export rebar prices were up ~2% WoW, while HRC prices also increased marginally.
Base metals: Aluminum (cash LME) prices were up ~6% WoW due to US sanctions against Rusal. Alumina prices increased ~14% WoW (to ~USD660/t). Copper (cash LME) prices were up ~2% WoW. Prices of zinc and lead were up ~4% and ~2% WoW, respectively. Brent crude prices were also up ~2% WoW.

24/04/2018 28 EN

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MOSL: METALS WEEKLY-Aluminum and alumina prices continue increasing

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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