Motilal Oswal - MOSL: METALS WEEKLY- Zinc and lead prices increase 3-4% WoW

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Motilal Oswal

MOSL: METALS WEEKLY- Zinc and lead prices increase 3-4% WoW

METALS WEEKLY: Zinc and lead prices increase 3-4% WoW

Indian steel: Long product (TMT Mumbai) prices were down ~1% WoW. Sponge iron prices were down ~1% WoW, while domestic scrap prices declined ~6% WoW. Domestic iron ore prices were unchanged. Pellet prices were marginally higher. Domestic HRC prices were unchanged, but import and export offers were marginally lower.
Raw materials prices inch up: Iron ore prices (China cfr) were up ~1% WoW. Thermal coal prices were also up ~1% WoW. Coking coal prices were up ~3% WoW. China's pellet import prices were down ~1% WoW. Chinese graphite electrode prices were lower WoW.
Europe: HRC prices were unchanged. CIS HRC export prices were marginally lower WoW. Rotterdam scrap prices were up ~2% WoW.
China prices inched up: Chinese local HRC prices were up ~1% WoW, while rebar prices were up ~2% WoW. Export rebar prices were up ~1% WoW, but HRC prices were down ~1% WoW.
Base metals mixed trend: Aluminum (cash LME) prices were down ~2% WoW. Alumina prices were down ~12% WoW. Copper (cash LME) prices were up ~1% WoW. Zinc was up ~4% WoW, while lead rose ~3% WoW. Brent crude prices were up ~3% WoW.

15/05/2018 28 EN

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Motilal Oswal

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MOSL: METALS WEEKLY- Zinc and lead prices increase 3-4% 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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