In the week ended January 18, stable movements dominated the London Metal Exchange (LME) billet market after rising movements were recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Jan 11 ($/mt) |
As of Jan 18 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
294.00 |
296.00 |
285.00 |
295.00* |
-3 |
-0.3 |
Official, 3 months: |
320.00 |
330.00 |
320.00 |
330.00 |
- |
- |
Official, 15 months: |
380.00 |
390.00 |
380.00 |
390.00 |
- |
- |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of January 18, stock billet volumes increased to 83,070.00 mt, as compared to 52,845.00 mt recorded on January 11.