The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Dec 30 | As of Jan 5 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 559.00 | 560.00 | 524.50 | 525.50* | -6.17 | -6.16 |
Official, 3 months: | 550.00 | 555.00 | 515.00 | 525.00 | -6.36 | -5.41 |
Official, 15 months: | 580.00 | 590.00 | 555.00 | 565.00 | -4.31 | -4.24 |
Evaluation closing, cash: | 547.00 | 557.00 | 536.00 | 546.00 | -2 | -1.97 |
Evaluation closing, 3 months: | 540.00 | 550.00 | 530.00 | 540.00 | -1.85 | -1.81 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes increased to 73,905.00 mt as of January 5, compared to 72,735.00 mt on December 30.