In the week ended November 23, rising and stable price movements dominated the London Metal Exchange (LME) billet market, following the week-on-week decreases observed in the previous three weeks. The following prices were recorded in LME billet contract trading as of the end of last week:
| As of Nov 16 ($/mt) | As of Nov 23 ($/mt) | Percentage change (%) | ||||
| Bid | Ask | Bid | Ask | Bid | Ask | |
| Official, cash: | 229.50 | 300.50 | 295.50 | 305.00* | 28.8 | - |
| Official, 3 months: | 325.00 | 330.00 | 325.00 | 335.00 | - | 1.5 |
| Official, 15 months: | 385.00 | 395.00 | 385.00 | 395.00 | 1.5 | - |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
Stock billet volumes decreased to 80,860.00 mt as of November 23, compared to 88,270.00 mt recorded on November 16.