The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of August 5 | As of August 12 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 570.00 | 580.00 | 600.00 | 600.50* | 5.3 | 3.5 |
Official, 3 months: | 585.00 | 590.00 | 565.00 | 575.00 | -3.4 | -2.5 |
Official, 15 months: | 645.00 | 655.00 | 625.00 | 635.00 | -3.1 | -3.05 |
Evaluation closing, cash: | 570.00 | 580.00 | 600.00 | 600.50 | 5.3 | 3.5 |
Evaluation closing, 3 months: | 581.00 | 588.00 | 565.00 | 575.00 | -2.7 | -2.2 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes increased to 46,540.00 mt as of August 12, compared to 45,370.00 mt on August 5.