During the week ended November 29, prices increased in the London Metal Exchange (LME) billet market, after the sideways 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. 22 ($/mt) | As of Nov. 29 ($/mt) | Percentage change (%) | |||
| Bid | Ask | Bid | Ask | Bid | Ask |
Official, cash: | 225.00 | 235.00* | 230.00 | 240.00* | 2.2 | 2.1 |
Official, 3 months: | 235.00 | 245.00 | 240.00 | 250.00 | 2.1 | 2 |
Official, 15 months: | 295.00 | 305.00 | 300.00 | 310.00 | 1.7 | 1.6 |
*Official cash Ask or Offer price is the settlement price for the cash contract selling
in two LME business days' time.
As of November 29, stock billet volumes totaled 17,550 mt, down from 17,680 mt
on November 22.