Motilal Oswal - MOSL: METALS WEEKLY-Base metal prices decline 2-6% WoW

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Motilal Oswal

MOSL: METALS WEEKLY-Base metal prices decline 2-6% WoW

METALS WEEKLY: Base metal prices decline 2-6% WoW

Indian steel: Long product (TMT Mumbai) prices were down ~2% WoW, led by seasonal weakness. Sponge iron prices were down ~2% WoW, while scrap prices were down ~3% WoW. Domestic iron ore and pellet prices were unchanged. Domestic HRC and import prices were also unchanged.
Raw materials: Iron ore prices (China cfr) were down ~5% WoW. Thermal coal prices were unchanged. Coking coal prices were marginally higher. China’s pellet import prices were up ~2% WoW. Chinese graphite electrode prices were lower WoW.
Europe: HRC prices in the northern region were lower. CIS HRC export prices were up ~2% WoW. Rotterdam scrap prices were up ~3% WoW.
China prices stable: Chinese local HRC and rebar prices were marginally lower. Export rebar and HRC prices, however, were unchanged.
Base metals: Aluminum (cash LME) prices were down ~3% WoW. Alumina prices were marginally higher. Copper (cash LME) prices were down ~5% WoW. Zinc (cash LME) prices were down ~6%, while lead prices were down ~2% WoW. Brent crude prices were up ~3% WoW.

26/06/2018 28 EN

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MOSL: METALS WEEKLY-Base metal prices decline 2-6% WoW

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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