Downward price movements dominate LME billet market

Tuesday, 24 April 2012 12:01:19 (GMT+3)   |  
       

The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the beginning of this week:

As of Apr. 13 ($/mt)

As of Apr. 23 ($/mt)

Percentage change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

489.00

492.00

475.00

495.00*

   -2.86

   0.61

Official, 3 months:

502.00

507.00

490.00

510.00

   -2.39

   0.59

Official, 15 months:

560.00

570.00

555.00

565.00

   -0.89

  -0.88

Evaluation closing, cash:

490.00

495.00

480.00

490.00

   -2.04

  -1.01

Evaluation closing, 3 months:

505.00

510.00

495.00

505.00

   -1.98

  -0.98

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

Stock billet volumes totaled 30,615.00 mt as of April 23, increasing from 30,160.00 mt recorded on April 13.


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