The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Dec 15 | As of Dec 23 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 556.00 | 558.00 | 551.00 | 553.00* | -0.9 | -0.9 |
Official, 3 months: | 550.00 | 554.00 | 540.00 | 550.00 | -1.8 | -0.7 |
Official, 15 months: | 590.00 | 600.00 | 585.00 | 595.00 | -0.8 | -0.8 |
Evaluation closing, cash: | 555.00 | 559.00 | 545.00 | 555.00 | -1.8 | -0.7 |
Evaluation closing, 3 months: | 550.00 | 554.00 | 540.00 | 550.00 | -1.8 | -0.7 |
*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 72,735.00 mt as of December 23, compared to 67,210.00 mt on December 15.