Falling price trend dominates LME billet market

Monday, 20 February 2012 09:48:58 (GMT+3)   |  
       

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

As of Feb. 10 ($/mt)

As of Feb. 17 ($/mt)

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

474.50

475.50

469.50

470.50*

  -1.05

  -1.05

Official, 3 months:

500.00

510.00

490.00

500.00

  -2

  -1.96

Official, 15 months:

555.00

565.00

545.00

555.00

  -1.8

  -1.77

Evaluation closing, cash:

480.00

485.00

476.00

481.00

  -0.8

  -0.82

Evaluation closing, 3 months:

505.00

510.00

500.00

505.00

  -1

  -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 72,410.00 mt as of February 17, increasing from 67,080.00 mt recorded on February 10.


Similar articles

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Ex-Asia billet offers become more affordable in Turkey, market slightly optimistic

27 Mar | Longs and Billet

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

Ex-ASEAN billet sales continue at low prices, China turns negative again

26 Mar | Longs and Billet

Global View on Billet: Better sentiments, suppliers fail to achieve higher deal prices so far

22 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Import billet prices in SE Asia hit new low, trend reversal anticipated

21 Mar | Longs and Billet

Domestic billet sales livelier in Turkey, import price range narrows amid limited allocation

21 Mar | Longs and Billet

Ex-India billet sellers ready to accept lower prices to push sales amid weak local conditions

20 Mar | Longs and Billet

India’s RINL floats export tender for 30,000 mt billet for end-April shipment

20 Mar | Longs and Billet