The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Dec 09 | As of Dec 15 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 554.50 | 555.00 | 556.00 | 558.00* | 0.27 | 0.54 |
Official, 3 months: | 560.00 | 570.00 | 550.00 | 554.00 | -1.8 | -2.8 |
Official, 15 months: | 605.00 | 615.00 | 590.00 | 600.00 | -2.5 | -2.4 |
Evaluation closing, cash: | 535.00 | 545.00 | 555.00 | 559.00 | 3.74 | 2.6 |
Evaluation closing, 3 months: | 545.00 | 555.00 | 550.00 | 554.00 | 0.92 | -0.2 |
*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 67,210.00 mt as of December 15, compared to 67,470.00 mt on December 9.