In the week ended March 28, prices decreased again in the London Metal Exchange (LME) billet market, after the strong fall recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
|
As of Mar 22 ($/mt) |
As of Mar 28 ($/mt) |
Percentage change (%) |
||||
|
Bid |
Ask |
Bid |
Ask |
Bid |
Ask |
|
|
Official, cash: |
200.00 |
210.00 |
185.00 |
185.00* |
-7.5 |
-11.9 |
|
Official, 3 months: |
215.00 |
220.00 |
205.00 |
210.00 |
-4.65 |
-4.5 |
|
Official, 15 months: |
270.00 |
280.00 |
260.00 |
270.00 |
-3.7 |
-3.57 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of March 28, stock billet volumes totaled 83,070.00 mt, stable compared to the March 22 level
