During the week ended November 1, prices started to increase in the London Metal Exchange (LME) billet market, after the sideways movement recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Oct 25 ($/mt) |
As of Nov 1 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
215.00 |
225.00* |
235.00 |
245.00* |
9.3 |
8.8 |
Official, 3 months: |
230.00 |
240.00 |
240.00 |
250.00 |
4.3 |
4.2 |
Official, 15 months: |
290.00 |
300.00 |
305.00 |
315.00 |
5.2 |
5 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of November 1, stock billet volumes totaled 17,875 mt, remaining unchanged compared to October 25.