Market data

FAQs

What are the cancellation procedures once I have subscribed to the LME XML Next day feed?

Once you have subscribed to the LME XML next day feed, your subscription will automatically renew on your current expiry date. You will be sent a reminder email 40 days before your subscription renews and you will have up to 30 days before your subscription renews to confirm if you would like to cancel.

I would like to view historical LME market data. How can I access this data?

LME historical data published in years prior to the current year is available to purchase from the LME online store.

What data is available on the LME XML next day feed?

The XML Data Specifications contains details on all available data. For a copy please contact Customer Support. The data included is sourced directly from the London Metal Exchange and includes daily reference prices, forex rates and key reports including traded volumes and the warehouse stock movements report.

What is the time delay of the next day data?

Subscribers will have access to the LME next day data feed at 00:10 UK time each day which will contain data for the previous trading day.

What is XML?

XML: Extensible Markup Language, is a textual data format widely used in web services and provides maximum flexibility for the transport and storage of information in a wide variety of structural formats.

What is the cost of the LME XML next day feed?

We offer annual subscriptions only for this feed. The full payment is required at the start of the subscription and is valid for 12 months from the start date. Please email for a price quote.

What is the difference between a Cash, 3 month, 15 or 27 month price?

Cash prices represent the current price in the market for spot contracts. LME cash contracts are for settlement or delivery two Business Days forward from the trading day. A 3 Month price represents the price agreed to settle or deliver material 3 months from the time the price is agreed. Similarly 15 or 27 months prices represent the price agreed for delivery 15 or 27 months forward from that point in time.

Do you offer a free trial?

We do not offer a free trial however we do provide a Data Specification document that describes the service in detail so new subscribers can review the XML format and develop integration solutions. For a copy of the document please contact Customer Support.

Do you provide support on how to understand XML?

XML is a popular encoding language widely used for its flexibility in electronic data dissemination by many web services, therefore, we do not provide support. However there are many documents and seminars advertised throughout the Internet where you can access additional support and training. Most web developers are familiar with this format.

LME XML Data Specifications will provide the information your developers will require to integrate the service with your systems please contact Customer Support for a copy.

Do you provide training on how to understand LME data?

The LME has an education team who deliver seminars throughout the world. We also recommend you download the ‘Guide to LME market data’ document.

How do I subscribe to the LME XML next day feed?

The subscription process depends on whether you wish to distribute LME market data or use it only within your own organisation.

How is the settlement price established?

The settlement price for expiring contracts is the parent contract LME Official Settlement Price (cash sellers') established on the cash day for the Third Wednesday prompt of the expiring month.

How can I be licensed as an LME next day data distributor?

Please complete the Licensed Data Distributor Application Documents and send this to the LME.

How do I access real-time/30 minute delayed market data from the LME?

You can access real time or 30 minute delayed LME prices, report data and charting direct from the Exchange through LMElive, at www.lmelive.com. LMElive is designed to provide a comprehensive view of non-ferrous, steel billet and plastics futures trading with easy access over the Internet. You can also view data on your mobile handheld device or BlackBerry™ or iPhone with LMElive Anywhere. Sign up for a four week free trial.

The LME also distributes its market data through Licensed Data Distributors. These distributors range from data vendors to specialist industry publications and news providers. You do not need to become a member of the Exchange to access LME market data.

The LME offers a limited set of free data products delivered on a next day delayed basis. This data can be accessed from the Free Data Service, after completing a simple registration process. LME data available free of charge includes pricing information and a limited number of reports for LME non-ferrous metals, steel billet and plastics contracts.

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