Prices continue to fall in LME billet market
Tags: billet , semis , UK , Europe , steel futures , steelmaking , European Union | similar articles »
The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Oct 14 | As of Oct 21 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 562.00 | 564.00 | 530.00 | 535.00* | -5.7 | -5.1 |
Official, 3 months: | 535.00 | 545.00 | 520.00 | 530.00 | -2.8 | -2.8 |
Official, 15 months: | 590.00 | 600.00 | 575.00 | 585.00 | -2.5 | -2.5 |
Evaluation closing, cash: | 562.00 | 564.00 | 530.00 | 540.00 | -5.7 | -4.3 |
Evaluation closing, 3 months: | 535.00 | 545.00 | 520.00 | 530.00 | -2.8 | -2.8 |
*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 65,325.00 mt as of October 21, compared to 64,610.00 mt on October 14.
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