Both upward and downward movement in LME prices

Monday, 10 October 2011 10:22:23 (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 Sep 30

As of Oct 7

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

555.00

575.00

588.00

588.50*

 5.95

 2.35

Official, 3 months:

555.00

565.00

550.00

557.00

 -0.9

 -1.42

Official, 15 months:

605.00

615.00

605.00

615.00

 -

 -

Evaluation closing, cash:

555.00

575.00

588.00

588.50

 5.95

 2.35

Evaluation closing, 3 months:

555.00

565.00

550.00

557.00

 -0.9

 -1.42

*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 53,040.00 mt as of October 7, compared to 53,950.00 mt on September 30.  


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