In the week ended February 22, rising price movements have again been seen in the London Metal Exchange (LME) billet market, continuing the uptrend observed in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Feb 15 ($/mt) |
As of Feb 22 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
265.00 |
275.00 |
265.00 |
275.00* |
- |
- |
Official, 3 months: |
290.00 |
300.00 |
300.00 |
310.00 |
3.45 |
3.3 |
Official, 15 months: |
350.00 |
360.00 |
360.00 |
370.00 |
2.9 |
2.7 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of February 22, stock billet volumes totaled 83,070.00 mt, stable compared to the February 15 level.