During the week ended June 14, London Metal Exchange (LME) billet market prices fell compared to the week ended June 7. The following prices were recorded in LME billet contract trading as of the end of last week:
As of June 7 ($/mt) | As of June 14 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 135.00 | 145.00 | 130.00 | 140.00* | -3.7 | -3.45 |
Official, 3 months: | 155.00 | 165.00 | 150.00 | 160.00 | -3.2 | -3 |
Official, 15 months: | 220.00 | 230.00 | 210.00 | 220.00 | -4.5 | -4.35 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of June 14, stock billet volumes totaled 76,245.00 mt, decreasing slightly compared to the 76,375.00 mt level recorded on June 7.