The following price movements were recorded in LME billet contract trading as of the end of the week ended August 17:
As of August 10 ($/mt) | As of August 17($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 355.00 | 356.00* | 360.00 | 363.00* | 1.4 | 2 |
Official, 3 months: | 365.00 | 375.00 | 370.00 | 380.00 | 1.3 | 1.3 |
Official, 15 months: | 430.00 | 440.00 | 430.00 | 440.00 | - | - |
Evaluation closing, cash: | 364.00 | 374.00 | 365.00 | 375.00 | 0.2 | 0.2 |
Evaluation closing, 3 months: | 380.00 | 390.00 | 380.00 | 390.00 | - | - |
*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 55,055.00 mt as of August 17, decreasing from 56,650.00 mt recorded on August 10.