LME Official 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 Official Price 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 reference for physical contracts. The LME Official Settlement Price is the price at which all LME futures are settled.

Prompt dates 

Cash, three month and 15 month: LME Tin, LME Steel Billet, LME Cobalt and LME Molybdenum
Cash, three month and one forward December prompt: LME Aluminium Alloy and LME NASAAC.
Cash, three month and three forward December prompts: LME Aluminium, LME Copper, LME Lead, LME Nickel and LME Zinc.

When is it published? 

12.30-13.25

Currency 

USD (LME also publish exchange rates for 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