In the week ended January 4, diverse price movements were observed in the London Metal Exchange (LME) billet market after varied movements were recorded in the previous week as well. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Dec 28 ($/mt) | As of Jan 4 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 280.00 | 295.00 | 270.00 | 281.00* | -3.6 | -4.75 |
Official, 3 months: | 300.00 | 315.00 | 300.00 | 310.00 | - | -1.6 |
Official, 15 months: | 360.00 | 370.00 | 365.00 | 375.00 | 1.4 | 1.35 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of January 4, stock billet volumes remained unchanged at 52,845.00 mt as compared to December 28.