Motilal Oswal - MOSL: METALS WEEKLY-Zinc prices lower ~5% on higher inventories-Alumina prices decline ~4%

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MOSL: METALS WEEKLY-Zinc prices lower ~5% on higher inventories-Alumina prices decline ~4%

METALS WEEKLY: Zinc prices lower ~5% on higher inventories; Alumina prices decline ~4%

Indian steel: Long product (TMT Mumbai) prices were unchanged WoW. Sponge iron prices were ~1% higher, while scrap prices declined ~2% WoW. Iron ore prices remained unchanged WoW. Pellet prices were higher ~3% WoW. Domestic HRC prices were ~1% lower WoW. Export price offers were lower, while import offers were higher.
Raw materials: Iron ore prices (China CFR) were ~2% lower WoW. Thermal coal prices declined ~1% WoW. Coking coal prices remained broadly unchanged. China's pellet import prices were ~1% higher WoW. Chinese graphite electrode prices were unchanged.
Europe: HRC prices were unchanged WoW. CIS HRC export prices were lower ~3%. Rotterdam scrap prices were up ~4% WoW.
China steel prices: Chinese HRC prices were lower ~1% while rebar prices declined ~2% WoW. Export prices for rebar increased ~1% WoW while export prices for HRC were unchanged.
Base metals: Aluminum (cash LME) was broadly flat WoW. Alumina prices decreased ~4% WoW. Copper (cash LME) was down ~1% WoW. Zinc (cash LME) decreased ~5% WoW given higher inventories. Lead (cash LME) was up ~1% WoW. Brent crude prices were up ~2% WoW.

23/04/2019 1 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: METALS WEEKLY-Zinc prices lower ~5% on higher inventories-Alumina prices decline ~4%

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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