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LME Official 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 Official Price and how is it calculated?

The LME Official Price is the last bid and offer price quoted during the second Ring session and the LME Official Settlement Price is the last cash offer price.

How is it used?

The LME Official Price is used as the global reference for physical contracts. The LME Official Settlement Price is the price at which all LME futures are settled.

Prompt dates:

Cash, three month and 15 month: LME Tin, LME Steel Billet, LME Cobalt and LME Molybdenum

Cash, three month and one forward December prompt: LME Aluminium Alloy and LME NASAAC.

Cash, three month and three forward December prompts: LME Aluminium, LME Copper, LME Lead, LME Nickel and LME Zinc.

When is it published?

12.30-13.25

Currency:

USD (LME also publish exchange rates for 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