Each of the reference prices published by the Exchange are derived directly from trading and provide transparent pricing for the global metals market.
LME Asian Benchmark
What is it and how is it calculated?
The LME Asian Benchmark is calculated basis the trade-weighted average of trades transacted on LMEselect between 07.00-07.15 GMT or 08.00-08.15 BST
How is it used?
The LME Asian Benchmark provides traders with a useful early-day guide to trading in one of the most significant and liquid periods of the day Prompt dates 3-month LME Aluminium, LME Copper and LME Zinc
When is it published?
07.30 GMT (08.30 BST)
Currency
USD (LME also publish exchange rates for EUR, GBP, JPY)
Watch how a scrap recycler uses the LME to manage risk