The following price movements were recorded in LME billet contract trading as of the end of the week ended August 3:
As of July 27 ($/mt) | As of August 03 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 375.00 | 385.00 | 354.50 | 355.50* | -5.5 | -7.7 |
Official, 3 months: | 395.00 | 405.00 | 382.00 | 392.00 | -3.3 | -3.2 |
Official, 15 months: | 455.00 | 465.00 | 445.00 | 455.00 | -2.2 | -2.2 |
Evaluation closing, cash: | 375.50 | 385.00 | 362.00 | 372.00 | -3.6 | -3.4 |
Evaluation closing, 3 months: | 395.00 | 405.00 | 382.00 | 392.00 | -3.3 | -3.2 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes totaled 57,070.00 mt as of August 3, remaining unchanged compared to the level recorded on July 27.