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What are LME official prices?

LME Official Prices are used as the global reference for physical contracts. The LME Official Settlement Price is the price at which all LME futures are settled. Cash, 3-month and 15-month: LME Tin, LME Steel Billet, LME Cobalt and LME Molybdenum. Cash, 3-month and one forward December prompt: LME Aluminium Alloy and LME NASAAC.

What is the LME official settlement price?

The LME Official Settlement Price is the last cash offer price at which all LME futures are settled. The daily official settlement price is published between 12:30 and 1:25 GMT.

What is the London Metal Exchange index (LME)?

The LME is one of the main commodities markets in the world and allows for the trading of metals options and futures contracts. It also lists futures contracts on its London Metal Exchange Index (LMEX), which is an index that tracks the prices of the metals that trade on the exchange.

What is LME nickel?

(September 2020) ( Learn how and when to remove this template message) LME Nickel stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation.

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