The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Oct 21 | As of Oct 28 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 530.00 | 535.00 | 544.50 | 545.00* | 2.8 | 1.9 |
Official, 3 months: | 520.00 | 530.00 | 540.00 | 545.00 | 3.8 | 2.8 |
Official, 15 months: | 575.00 | 585.00 | 595.00 | 605.00 | 3.8 | 3.4 |
Evaluation closing, cash: | 530.00 | 540.00 | 530.00 | 540.00 | - | - |
Evaluation closing, 3 months: | 520.00 | 530.00 | 530.00 | 540.00 | 1.9 | -1.9 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes decreased to 65,000.00 mt as of October 28, compared to 65,325.00 mt on October 21.