During the week ended October 21, prices decreased in the London Metal Exchange (LME) billet market, after remaining stable in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
| As of Oct 14($/mt) | As of Oct 21 ($/mt) | Percentage change (%) | |||
| Bid | Ask | Bid | Ask | Bid | Ask |
Official, cash: | 224.50 | 225.00* | 215.00 | 225.00* | -4 | - |
Official, 3 months: | 245.00 | 255.00 | 230.00 | 240.00 | -6.1 | -5.9 |
Official, 15 months: | 310.00 | 320.00 | 290.00 | 300.00 | -6.5 | -6.25 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME
business days' time.
As of October 21, stock billet volumes totaled 18,395 mt, down compared to 21,970 mt recorded on October 14.