During the week ended December 27, prices moved sideways in the London Metal Exchange (LME) billet market, after the sharp increases observed in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Dec. 20 ($/mt) | As of Dec. 27 ($/mt) | Percentage change (%) | ||||
Bid | Ask | Bid | Ask | Bid | Ask | |
Official, cash: | 290.00 | 300.00* | 290.00 | 300.00* | - | - |
Official, 3 months: | 285.00 | 295.00 | 285.00 | 295.00 | - | - |
Official, 15 months: | 345.00 | 355.00 | 345.00 | 355.00 | - | - |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of December 27, stock billet volumes totaled 16,510 mt, remaining unchanged compared to December 20.