In the week ended September 14, downtrends dominated the London Metal Exchange (LME) billet market for the fourth consecutive week. The following price movements were recorded in LME billet contract trading as of the end of last week:
As of Sep 07 ($/mt) | As of Sep 14 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 320.00 | 325.00 | 320.00 | 330.00* | - | 1.5 |
Official, 3 months: | 335.00 | 345.00 | 330.00 | 340.00 | -1.5 | -1.5 |
Official, 15 months: | 395.00 | 405.00 | 390.00 | 400.00 | -1.3 | -1.3 |
*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 50,115.00 mt as of September 14, remaining unchanged compared to September 7.