During the week ended October 11, prices mostly remained stable in the London Metal Exchange (LME) billet market, following the increases observed in previous weeks. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Oct 4($/mt) | As of Oct 11 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 220.00 | 230.00* | 224.50 | 225.00* | +2.04 | -2.2 |
Official, 3 months: | 245.00 | 255.00 | 245.00 | 255.00 | - | - |
Official, 15 months: | 310.00 | 320.00 | 310.00 | 320.00 | - | - |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of October 11, stock billet volumes totaled 21,970 mt, down compared to 26,845 mt recorded on October 4.