In the week ended April 19, prices resumed their overall downtrend in the London Metal Exchange (LME) billet market, after the rise observed in the 3-month and 15-month prices in the previous week. Strong falls have been recorded in the market since mid-March. The following prices were recorded in LME billet contract trading as of the end of last week:
|
As of Apr 12 ($/mt) |
As of Apr 19 ($/mt) |
Percentage change (%) |
||||
|
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
|
Official, cash: |
162.00 |
165.00 |
140.00 |
140.50* |
-13.6 |
-12.2 |
|
Official, 3 months: |
190.00 |
200.00 |
160.00 |
170.00 |
-15.8 |
-15 |
|
Official, 15 months: |
250.00 |
260.00 |
220.00 |
230.00 |
-12 |
-11.5 |
As of April 19, stock billet volumes totaled 77,545.00 mt, decreasing slightly compared to the 77,870.00 mt recorded on April 12.
