The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of the week ended August 24:
As of August 17 ($/mt) | As of August 24 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 360.00 | 363.00 | 350.00 | 350.50* | -2.8 | -3.4 |
Official, 3 months: | 370.00 | 380.00 | 360.00 | 370.00 | -2.7 | -2.6 |
Official, 15 months: | 430.00 | 440.00 | 420.00 | 430.00 | -2.3 | -2.3 |
Evaluation closing, cash: | 365.00 | 375.00 | 345.00 | 355.00 | -5.5 | -5.3 |
Evaluation closing, 3 months: | 380.00 | 390.00 | 360.00 | 370.00 | -5.3 | -5.1 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes totaled 53,950.00 mt as of August 24, decreasing from 55,055.00 mt recorded on August 17.