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LME Closing Price

Each of the reference prices published by the Exchange is derived directly from trading and provide transparent pricing for the global metals market.

What is the LME Closing Price and how is it calculated?

The LME Closing Price (also known as the Evening Evaluation) is determined by the LME Quotations Committee with regard to the close of open-outcry (Kerb) trading on the Ring as well as trades, bids and offers (including indicative bids and offers) transacted throughout the whole day.

How is it used?

Used by LME Clear and LME members for calculating margins.

Prompt dates:

All prompt dates

When is it published?

LME Provisional Closing Prices from: 16:30
LME Closing Prices from: 17:50 (USD) 18:15 (JPY, GBP AND EUR)

Currency:

USD, EUR, GBP, JPY

Trading day and price points London Singapore New York 
 LMEselect open  01.00  09.00  20.00

 LME Asian Reference Price

  • Established 06.55 - 07.00
    (07.55 - 08.00 BST*)
  • Provisional prices published 07.01
    (08.01 BST*)
  • Confirmed at 07.03 (08.03 BST*) 

* All times are London time unless stated otherwise

 07.00  15.00  02.00
Stock inventories published   09.00   17.00       04.00
Ring open  11:40  19.40  06.40
LME Official and Official Settlement Price established  12.20 - 13.25   20.20 - 21.25  07.20 - 08.25
LME Official and Official Settlement Price published   12.30 - 13.25  20.30 - 21.25  07.30 - 08.25
LME Unofficial Price established and published  15.30 - 16.15  22.30 - 23.15  10.30 - 11.15
LME Closing Price established  16:15 - 17.00  23.15 - 00.00  11.15 - 12.00
Ring close  17.00  00.00  12.00
LME Final Closing Price published from  17.50  00.50  12.50
LMEselect close  19.00  02.00  14.00