The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of May 27 |
As of June 3 |
Weekly change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
580.00 |
590.00 |
575.00 |
585.00* |
-0.86 |
-0.85 |
Official, 3 months: |
566.00 |
568.00 |
560.00 |
565.00 |
-1.06 |
-0.53 |
Official, 15 months: |
620.00 |
630.00 |
625.00 |
635.00 |
+0.81 |
+0.79 |
Evaluation closing, cash: |
580.00 |
590.00 |
575.00 |
585.00 |
-0.86 |
-0.85 |
Evaluation closing, 3 months: |
566.00 |
568.00 |
560.00 |
565.00 |
-1.06 |
-0.53 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes as of June 3 were stable week on week at 39,585.00 mt.