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Each of the reference prices published by the Exchange are derived directly from trading and provide transparent pricing for the global metals market.

LME Official and Settlement Price

What is it 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 and the LME Official Settlement Price is the price at which all LME futures are settled.

Prompt dates

Cash, 3 and 15 months: LME Tin, LME Steel Billet, LME Cobalt and LME Molybdenum.

Cash, 3, 15, 27 months and one forward December prompt: LME Aluminium Alloy and LME NASAAC*.

Cash, 3, 15, 27 months and three forward December prompts: LME Aluminium, LME Copper, LME Lead, LME Nickel and LME Zinc*.

*15 and 27 month prompts for LME Aluminium, LME Aluminium Alloy, LME NASAAC, LME Copper, LME Lead, LME Nickel and LME Zinc will continue to be published until 20 April 2012.

When is it published?

12.30-13.20

Currency

USD (LME also publish exchange rates for EUR, GBP, JPY)

LME Reference Prices

LME Official and Settlement Price
LME Unofficial Price
LME Closing Price
LME Asian Benchmark
Download Icon Guide to LME Prices
Information on the range of LME reference prices available.
DOWNLOAD ( PDF KB )
Related items

LME launches live forward price curve
London Metal Exchange launches new Asian Benchmark reference prices
London Metal Exchange to launch Asian Benchmark prices in January 2011
Download Icon Procedures for the establishment of LME closing prices for non-ferrous metals, minor metals and steel.

DOWNLOAD ( PDF KB )

Notices related to the procedures for the establishment of LME prices for non-ferrous metals, minor metals and steel.

Ref  Title
 11/092:R003 Amendment to Published Official Prices for Aluminium, Copper, Lead, Nickel, Zinc, Aluminium Alloy & NASAAC
 09/398:A390 Procedures for Establishment of Official Metal Prices
 10/364:A356 Launch of LME Asian Benchmark
 10/405:A395 Launch of LME Asian Benchmark - Revised Timing for Publication

Other LME price and trading data

As well as the reference prices LME provides a huge range of pricing data on a real, 30 minute and next day basis

 
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