In the week ended January 25, falling price movements were seen in the London Metal Exchange (LME) billet market, after the generally stable movements which were recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Jan 18 ($/mt) | As of Jan 25 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 285.00 | 295.00 | 280.00 | 290.00* | -1.75 | -1.7 |
Official, 3 months: | 320.00 | 330.00 | 310.00 | 320.00 | -3.1 | -3 |
Official, 15 months: | 380.00 | 390.00 | 370.00 | 380.00 | -2.6 | -2.5 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of January 25, stock billet volumes were stable at 83,070.00 mt, as compared to the January 18 level.