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Both upward and downward movement continues in LME billet market

Monday, 22 August 2011 11:10:17 (GMT+2)   -  

Tags: billet , semis , UK , Europe , steel futures , steelmaking , European Union | similar articles » SteelOrbis News

The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.

As of August 12

As of August 19

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

570.00

580.00

610.00

620.00*

1.7

3.4

Official, 3 months:

585.00

590.00

560.00

570.00

-0.9

-0.9

Official, 15 months:

645.00

655.00

620.00

630.00

-0.8

-0.8

Evaluation closing, cash:

570.00

580.00

610.00

620.50

1.7

3.4

Evaluation closing, 3 months:

581.00

588.00

560.00

570.00

-0.9

-0.9

*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.

Stock billet volumes increased to 55,185.00 mt as of August 19, compared to 46,540.00 mt on August 12.  

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