In the week ended November 30, rising price movements dominated the London Metal Exchange (LME) billet market. The following prices were recorded in LME billet contract trading as of the end of last week:
| As of Nov 23 ($/mt) | As of Nov 30 ($/mt) | Percentage change (%) | ||||
| Bid | Ask | Bid | Ask | Bid | Ask | |
| Official, cash: | 295.50 | 305.00 | 300.00 | 310.00* | 1.5 | 1.6 |
| Official, 3 months: | 325.00 | 335.00 | 335.00 | 345.00 | 3.1 | 3.1 |
| Official, 15 months: | 385.00 | 395.00 | 395.00 | 345.00 | 2.6 | -12.6 |
*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 70,785.00 mt as of November 30, compared to 80,860.00 mt recorded on November 23.