The following price movements were recorded in LME billet contract trading as of the end of the week ended July 13:
As of July 6 ($/mt) | As of July 13 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 375.00 | 385.00* | 399.00 | 401.00 | 6.4 | 4.1 |
Official, 3 months: | 400.00 | 410.00 | 400.00 | 410.00 | - | - |
Official, 15 months: | 465.00 | 475.00 | 465.00 | 475.00 | - | - |
Evaluation closing, cash: | 376.00 | 386.00 | 375.00 | 385.00 | -0.2 | -0.2 |
Evaluation closing, 3 months: | 400.00 | 410.00 | 400.00 | 410.00 | - | - |
*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 42,705.00 mt as of July 13, increasing for the first time since May 18.