During the week ended June 28, a rising trend dominated the London Metal Exchange (LME) billet market prices, following the downtrend observed in the week ended June 21. The following prices were recorded in LME billet contract trading as of the end of last week:
As of June 21 ($/mt) |
As of June 28 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
120.00 |
130.00 |
115.00 |
135.00* |
-4.2 |
3.8 |
Official, 3 months: |
135.00 |
145.00 |
145.00 |
165.00 |
7.4 |
13.8 |
Official, 15 months: |
195.00 |
205.00 |
210.00 |
220.00 |
7.7 |
7.3 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of June 28, stock billet volumes totaled 74,880.00 mt, decreasing compared to the 75,790.00 mt level recorded on June 21.