In the week ended October 26, prices rose to the level recorded in two weeks ago in the London Metal Exchange (LME) billet market, following the falling prices recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of Oct 19 ($/mt) | As of Oct 26 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 315.00 | 325.00 | 340.00 | 350.00* | 7.9 | 7.7 |
Official, 3 months: | 325.00 | 335.00 | 350.00 | 360.00 | 7.7 | 7.5 |
Official, 15 months: | 385.00 | 395.00 | 410.00 | 420.00 | 6.5 | 6.3 |
Stock billet volumes decreased to 111,085.00 mt as of October 26, up compared to 117,520.00 mt recorded in October 19.