The following price movements were recorded in LME billet contract trading as of the end of the week ended June 22:
As of June 15 ($/mt) | As of June 22 ($/mt) | Percentage change (%) | ||||
Bid | Bid | Bid | Ask | Bid | Ask | |
Official, cash: | 350.00 | 360.00 | 360.00 | 360.50* | 2.86 | 0.4 |
Official, 3 months: | 400.00 | 415.00 | 385.00 | 405.00 | -3.75 | -2.4 |
Official, 15 months: | 470.00 | 480.00 | 455.00 | 465.00 | -3.2 | -3.1 |
Evaluation closing, cash: | 370.00 | 385.00 | 360.00 | 370.00 | -2.7 | -3.9 |
Evaluation closing, 3 months: | 400.00 | 415.00 | 390.00 | 400.00 | -2.5 | -3.6 |
*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 28,145.00 mt as of June 22, remaining stable compared to the level recorded on June 15.