In the week ended April 12, 3-month and 15-month prices switched to an uptrend in the London Metal Exchange (LME) billet market, after the strong falls recorded in the overall market in the previous three weeks. The following prices were recorded in LME billet contract trading as of the end of last week:
|
As of Apr 5 ($/mt) |
As of Apr 12 ($/mt) |
Percentage change (%) |
||||
|
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
|
Official, cash: |
170.00 |
175.00 |
162.00 |
165.00* |
-4.7 |
-5.7 |
|
Official, 3 months: |
185.00 |
195.00 |
190.00 |
200.00 |
2.7 |
2.6 |
|
Official, 15 months: |
245.00 |
255.00 |
250.00 |
260.00 |
2 |
2 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of April 12, stock billet volumes totaled 77,870.00 mt, decreasing compared to the 81,445.00 mt recorded on April 5.
