During the week ended September 13, prices increased in the London Metal Exchange (LME) billet market, continuing the uptrend observed in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Sept 6 ($/mt) | As of Sept 13 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 145.00 | 155.00 | 170.00 | 180.00* | +17.2 | +16.1 |
Official, 3 months: | 170.00 | 180.00 | 200.00 | 210.00 | +17.6 | +16.7 |
Official, 15 months: | 235.00 | 245.00 | 260.00 | 270.00 | +10.6 | +10.2 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of September 13, stock billet volumes totaled 34,645 mt, down compared to 36,275 mt recorded on September 6.