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 benchmark for physical contracts. The LME Official Settlement Price is the price at which all LME futures are settled.
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?
USD (LME also publish exchange rates for EUR, GBP, JPY)