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Prices increase sharply in LME billet market

Monday, 12 December 2011 11:23:39 (GMT+2)   -  

Tags: billet , semis , UK , Europe , steel futures , steelmaking , European Union | similar articles » SteelOrbis News

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

As of Dec 02

As of Dec 09

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

515.00

525.00

554.50

555.00*

7.6

5.7

Official, 3 months:

530.00

540.00

560.00

570.00

5.7

5.6

Official, 15 months:

575.00

585.00

605.00

615.00

5.2

5.1

Evaluation closing, cash:

520.00

525.00

535.00

545.00

2.9

3.8

Evaluation closing, 3 months:

535.00

540.00

545.00

555.00

1.9

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 decreased to 67,470.00 mt as of December 9, compared to 68,445.00 mt on December 2.  

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