Rising prices in LME billet market

Monday, 04 July 2011 09:42:27 (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 24

As of July 1

Weekly change (%)

Bid

Ask

Bid

Ask

Bid

Ask

Official, cash:

570.00

583.50

593.00

605.00*

4.03

3.68

Official, 3 months:

555.00

565.00

565.00

575.00

1.80

1.77

Official, 15 months:

615.00

625.00

625.00

635.00

1.63

1.6

Evaluation closing, cash:

570.00

583.00

593.00

605.00

4.03

3.77

Evaluation closing, 3 months:

555.00

565.00

565.00

575.00

1.80

1.77

*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.

Stock billet volumes as of July 1 were stable week on week at 38,610.00 mt.


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