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Prices still falling in LME billet market

Monday, 13 February 2012 10:35:02 (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 Feb. 3 ($/mt)

As of Feb. 10 ($/mt)

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

493.00

495.00

474.50

475.50*

  -3.75

  -3.94

Official, 3 months:

510.00

520.00

500.00

510.00

  -1.96

  -1.92

Official, 15 months:

565.00

575.00

555.00

565.00

  -1.77

  -1.74

Evaluation closing, cash:

500.00

505.00

480.00

485.00

  -4

  -3.96

Evaluation closing, 3 months:

515.00

520.00

505.00

510.00

  -1.94

  -1.92

*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 67,080.00 mt as of February 10, indicating no change from the level recorded on both January 27 and February 3.  

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