The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of last week:
As of Apr. 23 ($/mt) | As of Apr. 27 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 475.00 | 495.00 | 475.00 | 485.00* | - | -2 |
Official, 3 months: | 490.00 | 510.00 | 490.00 | 500.00 | - | -1.96 |
Official, 15 months: | 555.00 | 565.00 | 550.00 | 560.00 | -0.9 | -0.88 |
Evaluation closing, cash: | 480.00 | 490.00 | 475.50 | 485.50 | -0.9 | -0.92 |
Evaluation closing, 3 months: | 495.00 | 505.00 | 490.00 | 500.00 | -1 | -0.99 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes totaled 30,615.00 mt as of April 27, remaining unchanged compared to the beginning of the week.