During the week ended July 5, a strong rise was seen in the London Metal Exchange (LME) billet market prices, following the general uptrend observed in the week ended June 28. The following prices were recorded in LME billet contract trading as of the end of last week:
As of June 28 ($/mt) |
As of July 5 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
115.00 |
135.00 |
135.00 |
145.00* |
17.4 |
7.4 |
Official, 3 months: |
145.00 |
165.00 |
160.00 |
170.00 |
10.3 |
3 |
Official, 15 months: |
210.00 |
220.00 |
225.00 |
235.00 |
7.1 |
6.8 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of July 5, stock billet volumes totaled 74,880.00 mt, stable compared to the level recorded on June 28.