During the week ended November 15, prices decreased further in the London Metal Exchange (LME) billet market, maintaining 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. 8 ($/mt) | As of Nov. 15 ($/mt) | Percentage change (%) | |||
|
| Bid | Ask | Bid | Ask | Bid | Ask |
| Official, cash: | 230.00 | 235.00* | 225.00 | 235.00* | -2.17 | - |
| Official, 3 months: | 240.00 | 245.00 | 235.00 | 245.00 | -2.08 | - |
| Official, 15 months: | 300.00 | 310.00 | 295.00 | 305.00 | -1.6 | -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 15, stock billet volumes totaled 17,875 mt, remaining unchanged compared to November 8.