LME Closing Price

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 the close of open-outcry (Kerb) trading on the Ring as well as trades, bids and offers (including indicative 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: 16:30
LME Closing Prices from: 17:50 (USD) 18:15 (JPY, GBP AND EUR)

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 
Established 06.55 - 07.00 (07.55 - 08.00 BST*)
Provisional prices published 07.01 (08.01 BST*)
Confirmed at 07.03 (08.03 BST*); 

* 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
15.30 - 16.15
22.30 - 23.15
10.30 - 11.15
LME Closing Price established
16:15 - 17.00
23.15 - 00.00
11.15 - 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