Falling prices in LME billet market

Monday, 26 December 2011 11:03:53 (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 Dec 15

As of Dec 23

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

556.00

558.00

551.00

553.00*

 -0.9

 -0.9

Official, 3 months:

550.00

554.00

540.00

550.00

 -1.8

 -0.7

Official, 15 months:

590.00

600.00

585.00

595.00

 -0.8

 -0.8

Evaluation closing, cash:

555.00

559.00

545.00

555.00

 -1.8

 -0.7

Evaluation closing, 3 months:

550.00

554.00

540.00

550.00

 -1.8

 -0.7

*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 72,735.00 mt as of December 23, compared to 67,210.00 mt on December 15.  


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