During the week ended December 20, prices moved upwards in the London Metal Exchange (LME) billet market, with the growth rates sharply increasing compared to the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Dec. 13 ($/mt) |
As of Dec. 20 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
250.00 |
260.00* |
290.00 |
300.00* |
16 |
15.4 |
Official, 3 months: |
260.00 |
270.00 |
285.00 |
295.00 |
9.6 |
9.2 |
Official, 15 months: |
320.00 |
330.00 |
345.00 |
355.00 |
7.8 |
7.6 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of December 20, stock billet volumes totaled 16,150 mt, decreasing by eight percent compared to December 13.