During the week ended November 29, prices increased again in the London Metal Exchange (LME) billet market, after the upward movement recorded in the previous week. The following prices were recorded in LME billet contract trading as of the end of last week:
| As of Nov. 29 ($/mt) | As of Dec.6 ($/mt) | Percentage change (%) | |||
| Bid | Ask | Bid | Ask | Bid | Ask |
Official, cash: | 230.00 | 240.00* | 245.00 | 255.00* | 6.5 | 6.3 |
Official, 3 months: | 240.00 | 250.00 | 255.00 | 265.00 | 6.3 | 6 |
Official, 15 months: | 300.00 | 310.00 | 315.00 | 325.00 | 5 | 4.8 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of December 6, stock billet volumes totaled 17,550 mt, stable compared to November 29.