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LME polyproplyene and linear low density polyetheylene prices are transparent and regulated reference prices for the plastics market, representing transactions from any participant in every sector.
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The LME provides daily LME plastics market data free of charge via the LME Website.
LME Plastics prices are also available through subscription to a number of plastics trade publications, these include:
- Plastics and Rubber Weekly
- Plastics News
- European Plastics News
- Asian Plastics News
- Polymerupdate
- Plasticker
Real-time and delayed plastics data is also available from licensed LME market data vendors.
All LME plastics prices are reported in US Dollars. The range of plastics data published by the Exchange includes:
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The LME publishes daily official plastics prices for both polypropylene (PP) and linear low density polyethylene (LL) for Cash, Month 1 and Month 2 for each contract. The settlement price is the official cash price each day. LCH.Clearnet uses the settlement price to settle contracts falling due.
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The LME publishes closing prices at the close of business on each business day. LCH.Clearnet uses the closing prices when determining margin requirements at the close of business for each day.
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Market Open Interest (MOI) is a calculation produced by the LME to represent open exchange positions of all members and clients for a particular prompt date. MOI is calculated from open positions reported to the LME by members. The LME reports MOI in lots for each plastics contract and by individual prompt date. MOI is an indication of the liquidity and depth of the market.
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Exchange Open Interest (EOI) is a calculation produced by LCH.Clearnet to represent open exchange positions of LME clearing members for a particular prompt date. EOI does not take into account the positions of clients of members or non-clearing members. EOI is calculated from open positions recorded on LCH.Clearnet’s matching system. The LME reports EOI in lots for each plastics contract and by individual prompt date. EOI represents the exposure of LCH.Clearnet to clearing members.
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Each business day the London Metal Exchange publishes a plastics stock report. This report provides an overview of the quantity of material currently held on warrant in LME approved warehouses. The report takes in to account all movement of stock, on and off warrant, by 1600 (London Time) on the previous business day.
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