Prices fall for third week in a row in LME billet market

Monday, 24 December 2012 10:01:10 (GMT+3)   |   Istanbul
       

In the week ended December 21, falling price movements dominated the London Metal Exchange (LME) billet market for the third consecutive week. The following prices were recorded in LME billet contract trading as of the end of last week:

 

As of Dec 14 ($/mt)

As of Dec 21 ($/mt)

Percentage change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

290.00

300.00

275.00

  275.50*

-5.2

-8.2

Official, 3 months:

315.00

325.00

310.00

315.00

-1.6

-3.2

Official, 15 months:

375.00

385.00

370.00

380.00

-1.3

-1.3

*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
 
Stock billet volumes decreased to 52,845.00 mt as of December 21, compared to 53,755.00 mt recorded on December 14.


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