During the two weeks ended June 7, London Metal Exchange (LME) billet market prices generally rose compared to the week ended May 24. The following prices were recorded in LME billet contract trading as of the end of last week:
As of May 24 ($/mt) |
As of June 7 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
125.00 |
130.00 |
135.00 |
145.00* |
8 |
11.5 |
Official, 3 months: |
150.00 |
170.00 |
155.00 |
165.00 |
3.3 |
-2.9 |
Official, 15 months: |
215.00 |
225.00 |
220.00 |
230.00 |
2.3 |
2.2 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of June 7, stock billet volumes totaled 76,375.00 mt, declining slightly compared to the 76,700.00 mt level recorded on May 24.