Each of the reference prices published by the Exchange are derived directly from trading and provide transparent pricing for the global metals market.
New Pricing Benchmark
The extension of the trading hours of LMEselect to 01.00 has seen a significant growth in early-day liquidity. The LME’s new reference price, the Asian Benchmark, is calculated basis this early electronic trading and acts as a start-of-day peg.
Watch how a scrap recycler uses the LME to manage risk