In the week ended October 19, prices fell in the London Metal Exchange (LME) billet market, following the stable prices 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 12 ($/mt) | As of Oct 19 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 340.00 | 350.00 | 315.00 | 325.00* | -7.35 | -7.1 |
Official, 3 months: | 350.00 | 360.00 | 325.00 | 335.00 | -7.1 | -6.9 |
Official, 15 months: | 410.00 | 420.00 | 385.00 | 395.00 | -6.1 | -5.95 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes increased to 117,520.00 mt as of October 19, up compared to 52,650.00 mt recorded in October 12.