The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Nov 18 | As of Nov 25 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 515.00 | 525.00 | 500.00 | 510.00* | -2.9 | -2.9 |
Official, 3 months: | 525.00 | 535.00 | 520.00 | 530.00 | -0.9 | -0.9 |
Official, 15 months: | 565.00 | 575.00 | 560.00 | 570.00 | -0.9 | -0.9 |
Evaluation closing, cash: | 515.00 | 525.00 | 500.00 | 510.00 | -2.9 | -2.9 |
Evaluation closing, 3 months: | 525.00 | 535.00 | 520.00 | 530.00 | -0.9 | -0.9 |
*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 63,570.00 mt as of November 25, compared to 58,045.00 mt on November 18.