Falling prices dominate LME billet market

Monday, 13 August 2012 10:28:11 (GMT+3)   |  
       

The following price movements were recorded in LME billet contract trading as of the end of the week ended August 10:

 

As of August 03 ($/mt)

As of August 10 ($/mt)

Percentage change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

354.50

355.50

355.00

356.00*

    0.14

    0.14

Official, 3 months:

382.00

392.00

365.00

375.00

   -4.45

   -4.33

Official, 15 months:

445.00

455.00

430.00

440.00

   -3.37

   -3.3

Evaluation closing, cash:

362.00

372.00

364.00

374.00

    0.55

    0.54

Evaluation closing, 3 months:

382.00

392.00

380.00

390.00

   -0.52

   -0.51

*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 56,650.00 mt as of August 10, decreasing from 57,070.00 mt recorded on August 3.


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