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LME billet traded prices drop on back of negative physical market indications

January 27, 2012 - 16:45 GMT Location: London

KEYWORDS: London Metal Exchange , billet , billet prices , LME steel billet prices

Prices of concluded trades on the London Metal Exchange billet contract fell on Friday January 27 in the face of a weak physical market.

The three-month contract official prices were unchanged at $515/525 per tonne on Friday, yet trades occurred at $518 per tonne, a trader and data on MB Connect showed, down from trades at $520 per tonne a day earlier. The cash contract official prices were down at $505/506 per...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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