In the week ended September 27, rising prices again dominated the London Metal Exchange (LME) billet market. The following price movements were recorded in LME billet contract trading as of the end of last week:
As of Sep 21 ($/mt) | As of Sep 27 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 340.00 | 360.00 | 350.00 | 360.00* | 2.9 | - |
Official, 3 months: | 340.00 | 360.00 | 360.00 | 370.00 | 5.9 | 2.8 |
Official, 15 months: | 405.00 | 415.00 | 420.00 | 430.00 | 3.7 | 3.6 |
*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 49,855.00 mt as of September 27, decreasing compared to 50,115.00 mt recorded on September 21.