Upward trend in LME billet market prices

Monday, 01 August 2011 11:24:03 (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 July 22

As of July 29

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

605.00

606.00

610.00

615.00*

 0.8

 1.5

Official, 3 months:

585.00

590.00

592.00

600.00

 1.2

 1.7

Official, 15 months:

645.00

655.00

650.00

660.00

 0.7

 0.7

Evaluation closing, cash:

605.00

606.00

610.00

615.00

 0.8

 1.5

Evaluation closing, 3 months:

585.00

590.00

592.00

600.00

 1.2

 1.7

*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 39,910.00 mt as of July 29, compared to 45,565.00 mt on July 22.