11 March 2019
BSE Metals Index v/s Sensex
Note: Indexed to 100 on 4 Mar 2019
Investors are advised to refer through
important disclosures made at the last
page of the Research Report.
Long product (TMT Mumbai) prices were lower by ~2%
WoW. Sponge iron prices declined ~5% WoW, while scrap prices
decreased ~2% WoW. Iron ore prices remained unchanged. Pellet prices
were down ~2% WoW. Domestic HRC prices were up ~2% WoW. Export
price offers were higher, while import offers were unchanged.
Iron ore prices (China CFR) were down ~1% WoW. Thermal
coal prices were unchanged. Coking coal prices increased ~1% WoW.
China’s pellet import prices decreased ~2% WoW. Chinese graphite
electrode prices were ~7% lower.
HRC prices were slightly lower. CIS HRC export prices were
unchanged WoW. Rotterdam scrap prices were up ~4% WoW.
China steel prices:
Chinese HRC prices were down ~1% WoW, while Rebar
prices were lower by ~2%. Export prices for rebar and HRC were higher by
Aluminum (cash LME) prices were down by ~1% WoW.
Alumina prices were up ~1% WoW. Copper (cash LME) prices were down
~3% WoW. Zinc (cash LME) prices were down ~5% WoW. Lead (cash LME)
prices declined ~4% WoW. Brent crude prices were up ~1% WoW.
Indian steel prices largely stable; base metal prices decline
Research Analyst: Sanjay Jain
(SanjayJain@MotilalOswal.com); +91 22