The following price movements were recorded in LME billet contract trading as of the end of the week ended July 20:
As of July 20 ($/mt) | As of July 27 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 370.00 | 400.00 | 375.00 | 385.00* | 1.35 | -3.75 |
Official, 3 months: | 400.00 | 410.00 | 395.00 | 405.00 | -1.25 | -1.22 |
Official, 15 months: | 465.00 | 475.00 | 455.00 | 465.00 | -2.15 | -2.11 |
Evaluation closing, cash: | 383.50 | 393.50 | 375.50 | 385.00 | -2.09 | -2.16 |
Evaluation closing, 3 months: | 400.00 | 410.00 | 395.00 | 405.00 | -1.25 | -1.22 |
*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 57,070.00 mt as of July 27, increasing from 43,680.00 mt recorded on July 20.