During the week ended December 13, prices continued to increase in the London Metal Exchange (LME) billet market, with the growth rates slowing down compared to the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Dec. 6 ($/mt) |
As of Dec. 13 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
245.00 |
255.00* |
250.00 |
260.00* |
2 |
2 |
Official, 3 months: |
255.00 |
265.00 |
260.00 |
270.00 |
2 |
1.9 |
Official, 15 months: |
315.00 |
325.00 |
320.00 |
330.00 |
1.6 |
1.5 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of December 13, stock billet volumes totaled 17,550 mt, stable compared to December 6.