During the week ended August 23, prices recorded a stable trend in the London Metal Exchange (LME) billet market, following the strong rise observed in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Aug 16 ($/mt) |
As of Aug 23 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
140.00 |
150.00 |
140.00 |
150.00* |
- |
- |
Official, 3 months: |
160.00 |
170.00 |
160.00 |
170.00 |
- |
- |
Official, 15 months: |
220.00 |
230.00 |
220.00 |
230.00 |
- |
- |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of August 23, stock billet volumes totaled 38,935.00 mt, stable compared to the level recorded on August 16.