In the week ended October 12, prices remained stable in the London Metal Exchange (LME) billet market, following the falling prices recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Oct 5 ($/mt) | As of Oct 12 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 340.00 | 350.00 | 340.00 | 350.00* | - | - |
Official, 3 months: | 350.00 | 360.00 | 350.00 | 360.00 | - | - |
Official, 15 months: | 410.00 | 420.00 | 410.00 | 420.00 | - | - |
*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 52,650.00 mt as of October 12, also stable compared to October 5.