Ask prices rise while bid prices fall in LME billet market

Monday, 27 June 2011 09:42:04 (GMT+3)   |  
The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.

As of June 17

As of June 24

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

571.00

571.50

570.00

583.00*

-0.17

2.01

Official, 3 months:

557.00

564.00

555.00

565.00

-0.36

0.18

Official, 15 months:

615.00

625.00

615.00

625.00

0

0

Evaluation closing, cash:

571.00

571.00

570.00

583.00

-0.17

2.10

Evaluation closing, 3 months:

557.00

564.00

555.00

565.00

-0.36

0.18

*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 38,610.00 as of June 24, compared to 43,225.00 mt on June 17.

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Edge Length1 100 - 150 mm
Edge Length2 100 - 150 mm
 
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Edge Length1 100 mm
Edge Length2 100 mm
 
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