The London Metal Exchange (LME) publishes a set of daily reference prices that are based on the most liquid trading sessions of the day. They are used the world over by industrial and financial participants for purposes of referencing, hedging, physical settlement, contract negotiations and margining and are indicators of where the market is at any point in time.
Prices Published by the LME
The most reliable prices in any market are derived from those where the greatest concentration of trading takes place.
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.
The option of settling LME contracts through the LME's physical delivery mechanism plays a vital role in driving price convergence with the physical metals industry and ensuring that LME prices properly reflect the current supply/demand situation in the market.
Guide to LME Prices Information on the range of LME reference prices available. DOWNLOAD( PDF KB )
