During the week ended October 25, prices remained stable in the London Metal Exchange (LME) billet market, after the decrease in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
| As of Oct 21($/mt) | As of Oct 25 ($/mt) | Percentage change (%) | |||
| Bid | Ask | Bid | Ask | Bid | Ask |
Official, cash: | 215.00 | 225.00* | 215.00 | 225.00* | - | - |
Official, 3 months: | 230.00 | 240.00 | 230.00 | 240.00 | - | - |
Official, 15 months: | 290.00 | 300.00 | 290.00 | 300.00 | - | - |
*Official cash Ask or
Offer price is the settlement price for the cash contract selling in two LME
business days' time.
As of October 25, stock billet volumes totaled 17,875 mt, down compared to 18,395 mt recorded on October 21.