During the week ended November 22, prices remained stable in the London Metal Exchange (LME) billet market, after the downward 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. 15 ($/mt) | As of Nov. 22 ($/mt) | Percentage change (%) | |||
| Bid | Ask | Bid | Ask | Bid | Ask |
Official, cash: | 225.00 | 235.00* | 225.00 | 235.00* | - | - |
Official, 3 months: | 235.00 | 245.00 | 235.00 | 245.00 | - | - |
Official, 15 months: | 295.00 | 305.00 | 295.00 | 305.00 | - | - |
*Official cash Ask or Offer price is the settlement price for the cash contract selling in two LME business days' time.
As of November 22, stock billet volumes totaled 17,680 mt, down slightly from 17,875 mt on November 15.