Bid:offer ratio hits highest level since May 2010

Posted by Rachel England on 26 May 2016 |

This month’s bid to offer ration on Liv-ex has returned to its highest point since May 2010, despite a relatively lacklustre En Primeur campaign.

At one point this month the ‘exposure’ reached 1.76 – the same level seen in 2010 when the market was experiencing its China-driven bull run.

Furthermore, the total value of bids hit a new record of £33.4, up from the record £30m achieved in February.

According to Liv-ex, any level over 0.5 usually indicated an uptick in the market and at the very least, price stability.

The ratio currently stands at 1.43, thanks largely to the focus on 2015 En Primeurs, but as Liv-ex notes: “this is still a high ratio historically” and it is an encouraging sign that it is the case despite what has so far been a “lukewarm” primeur campaign.

Related link:

http://www.blog.liv-ex.com/2016/05/bidoffer-ratio-touches-new-high.html

 

 

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