Prices switch to uptrend 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 Mar. 23 ($/mt) | As of Mar. 30 ($/mt) | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 465.00 | 470.00 | 490.00 | 500.00* | 5.38 | 6.38 |
Official, 3 months: | 500.00 | 520.00 | 510.00 | 520.00 | 2 | - |
Official, 15 months: | 565.00 | 575.00 | 570.00 | 580.00 | 0.9 | 0.87 |
Evaluation closing, cash: | 482.00 | 502.00 | 492.50 | 502.50 | 2.18 | 0.1 |
Evaluation closing, 3 months: | 500.00 | 520.00 | 510.00 | 520.00 | 2 | - |
*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 43,420.00 mt as of March 30, decreasing from 51,740.00 mt recorded on March 23.
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