LME Unofficial 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 Unofficial Price and how is it calculated?

The LME Unofficial Price is the last bid and offer quoted during the fourth Ring.



How is it used?

The LME Unofficial Price is a good indicator of afternoon trading and is used as a reference price, especially in markets in different time zones.

Prompt dates

Cash, three month and 15 month: LME Tin and LME Steel Billet.
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? 

15.30-16.15 (excluding minor metals)

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
12.30 - 13.25
20.30 - 21.25
07.30 - 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