During the week ended June 21, London Metal Exchange (LME) billet market prices continued the downtrend observed in the week ended June 14. The following prices were recorded in LME billet contract trading as of the end of last week:
As of June 14 ($/mt) |
As of June 21 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
130.00 |
140.00 |
120.00 |
130.00* |
-7.7 |
-7.1 |
Official, 3 months: |
150.00 |
160.00 |
135.00 |
145.00 |
-10 |
-9.4 |
Official, 15 months: |
210.00 |
220.00 |
195.00 |
205.00 |
-7.1 |
-6.8 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of June 21, stock billet volumes totaled 75,790.00 mt, decreasing compared to the 76,245.00 mt level recorded on June 14.