The market had expected the index to fall to 110.

The market had expected the index to be about 89.

And the market is expect to hold its own again this year.

"That was negative news, because the market had expected a small increase," he said.

Thus, although spot prices have moved higher, the market does not expect them to stay there.

The market had expected an even lower number, analysts said.

The market had been expecting the figure to be near $13 billion.

The market had expected a decline of closer to 2.6 percent.

"The market had expected sales to go up 0.5 percent."

The analysts said the market had expected a rise of at least 3.4 percent.