During the week ended September 6, prices increased in the London Metal Exchange (LME) billet market. Prices had remained stable in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Aug 30 ($/mt) | As of Sept 6 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 140.00 | 150.00 | 145.00 | 155.00* | +3.5 | +3.3 |
Official, 3 months: | 160.00 | 170.00 | 170.00 | 180.00 | +6.25 | +5.8 |
Official, 15 months: | 220.00 | 230.00 | 235.00 | 245.00 | +6.8 | +6.5 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of September 6, stock billet volumes totaled 36,205 mt, down compared to 38,220 mt recorded on August 30.