The following price movements were recorded in London Metal Exchange (LME) billet contract trading as of the end of last week.
As of Dec 02 | As of Dec 09 | Weekly change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 515.00 | 525.00 | 554.50 | 555.00* | 7.6 | 5.7 |
Official, 3 months: | 530.00 | 540.00 | 560.00 | 570.00 | 5.7 | 5.6 |
Official, 15 months: | 575.00 | 585.00 | 605.00 | 615.00 | 5.2 | 5.1 |
Evaluation closing, cash: | 520.00 | 525.00 | 535.00 | 545.00 | 2.9 | 3.8 |
Evaluation closing, 3 months: | 535.00 | 540.00 | 545.00 | 555.00 | 1.9 | 2.8 |
*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 67,470.00 mt as of December 9, compared to 68,445.00 mt on December 2.