In the week ended September 21, prices switched to uptrend in the London Metal Exchange (LME) billet market after four consecutive weeks of downtrend. The following price movements were recorded in LME billet contract trading as of the end of last week:
As of Sep 14 ($/mt) |
As of Sep 21 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
320.00 |
330.00 |
340.00 |
360.00* |
6.25 |
9.09 |
Official, 3 months: |
330.00 |
340.00 |
340.00 |
360.00 |
3.03 |
5.88 |
Official, 15 months: |
390.00 |
400.00 |
405.00 |
415.00 |
3.85 |
3.75 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes totaled 50,115.00 mt as of September 21, remaining unchanged compared to September 14.