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 Unofficial Price and how is it calculated?
The LME Unofficial Price is the last bid and offer quoted during the fourth Ring.
How is it used?
The LME Unofficial Price is a good indicator of afternoon trading and is used as a reference price, especially in markets in different time zones.
Cash, three month and 15 month: LME Tin and LME Steel Billet.
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?
15.40-16.15 (excluding steel and minor metals)
USD (LME also publish exchange rates for EUR, GBP, JPY)