Each of the reference prices published by the Exchange is derived directly from trading and provide transparent pricing for the global metals market.
What is the LME Closing Price and how is it calculated?
The LME Closing Price (also known as Valuations) is determined by the LME Quotations Committee with regard to trading on LMEselect as well as trades, bids and offers transacted throughout the whole day.
How is it used?
Used by LME Clear and LME members for calculating margins.
Prompt dates
All prompt dates.
When is it published?
- LME Provisional Closing Prices from: 16.00 London time
- LME Closing Prices from: 17.50 (USD) 18.15 (JPY, GBP AND EUR) London time
Currency
USD, EUR, GBP, JPY
Trading day and price points
| Trading day and price points | London | Singapore | New York |
|---|---|---|---|
| LMEselect open | 01.00 |
09.00 | 20.00 |
|
LME Asian Reference Price
* All times are London time unless stated otherwise |
07.00 |
15.00 |
02.00 |
| Stock inventories published |
09.00 |
17.00 |
04.00 |
| Ring open |
11.40 |
19.40 |
06.40 |
| LME Official and Official Settlement Price established |
12.20 - 13.25 |
20.20 - 21.25 |
07.20 - 08.25 |
| LME Official and Official Settlement Price published |
12.20 - 13.25 |
20.20 - 21.25 |
07.20 - 08.25 |
| LME Unofficial Price established and published |
15.00 - 15.35 |
22.00 - 22.35 |
10.00 - 10.35 |
| LME Closing Price established |
15.50 - 17.00 |
22.50 - 00.00 |
10.50 - 12.00 |
| Ring close |
17.00 |
00.00 |
12.00 |
| LME Final Closing Price published from |
17.50 |
00.50 |
12.50 |
| LMEselect close |
19.00 |
02.00 |
14.00 |
Access these prices
The LME Closing Prices are benchmarks administered by the LME pursuant to the UK Benchmarks Regulation (BMR) (and collectively constitute the LME Closing Prices Benchmark Family).
For more information, please see the Benchmark Regulation page. This page also includes links to the BMR benchmark statement and methodology for the LME Closing Prices.