In the week ended December 21, falling price movements dominated the London Metal Exchange (LME) billet market for the third consecutive week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Dec 14 ($/mt) |
As of Dec 21 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
290.00 |
300.00 |
275.00 |
275.50* |
-5.2 |
-8.2 |
Official, 3 months: |
315.00 |
325.00 |
310.00 |
315.00 |
-1.6 |
-3.2 |
Official, 15 months: |
375.00 |
385.00 |
370.00 |
380.00 |
-1.3 |
-1.3 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes decreased to 52,845.00 mt as of December 21, compared to 53,755.00 mt recorded on December 14.