During the week ended August 9, varied price trends were observed in the London Metal Exchange (LME) billet market, following the decreasing prices recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
As of Aug 2 ($/mt) |
As of Aug 9 ($/mt) |
Percentage change (%) |
||||
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
Official, cash: |
115.00 |
125.00 |
120.00 |
130.00* |
4.35 |
4 |
Official, 3 months: |
145.00 |
155.00 |
145.00 |
155.00 |
- |
- |
Official, 15 months: |
210.00 |
220.00 |
205.00 |
215.00 |
-2.4 |
-2.3 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of August 9, stock billet volumes totaled 39,130.00 mt, decreasing from 48,035.00 mt recorded on August 2.