The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Nov 11 | As of Nov 18 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 515.00 | 525.00 | 515.00 | 525.00* | - | - |
Official, 3 months: | 525.00 | 535.00 | 525.00 | 535.00 | - | - |
Official, 15 months: | 580.00 | 590.00 | 565.00 | 575.00 | -2.6 | -2.5 |
Evaluation closing, cash: | 515.00 | 525.00 | 515.00 | 525.00 | - | - |
Evaluation closing, 3 months: | 525.00 | 535.00 | 525.00 | 535.00 | - | - |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes decreased to 58,045.00 mt as of November 18, compared to 59,215.00 mt on November 11.