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LME-PRICES

Lme Index (24/06/16) 2301.7
LME-PRICES (24/06/16)
Cash Ask Cash Bid 3m Ask 3m Bid 15m Ask 15m Bid
Copper 4663 4662 4670.5 4670
Aluminium 1600.5 1600 1610.5 1610
Nickel 8900 8890 8955 8950
Zinc 1998 1997 1998 1997.5
Lead 1693.5 1693 1699 1698
Tin 17060 17055 17050 17000 16810 16760
Sec.AL 1535 1525 1560 1550
Steel 325 300 325 300 320 310
Cobalt 23710 23700 24500 23500 24985 23985
Molybdenum 17000 16500 17000 16500 17860 16860
Warehouse stocks (24/06/16)
opening stock live warrants cancelled warrants
Copper 194375 139500 52875
Aluminium 2421500 1368275 1047600
Nickel 383502 265104 117000
Zinc 413675 388625 23525
Lead 185650 112275 73375
Tin 6245 4850 1330
Sec.AL 12580 11600 800
Steel 0 0 0
Cobalt 645 594 51
Molybdenum 108 90 18
exhange rate settlements (24/06/16)
exchange rate
EUR 1.1048
GBP 1.3675
JPY
Asian benchmark prices (24/06/16)
price
Copper 4639.5
Aluminium 1600.5
Nickel
Zinc 1976.3
Lead
Tin
Sec.AL
Steel
Cobalt
Molybdenum

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London Metal Exchange pricing

“LME setting the global standard”

The London Metal Exchange was founded in the year 1877, but has a history from the year 1571. LME is now the world’s leading market for non-ferrous metals. LME prices are very important for companies who trade in these metals.
 The owner is LME Holdings Limited and is located at Leadenhall Street, City of London, United Kingdom.
 The London Metal Exchange started with copper and very soon lead and zinc followed. After that the trade was extended with aluminium and other metals.
 About $US 11.6 trillion annually is the total value of the trade. 
For commodities most of the deals are made to be delivered in three month’s time. This is an old custom that goes back in time because copper cargoes needed a 3 month’s journey to deliver the copper from Chile.

LME offers futures and options various contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium, alloy, NASAAC (North American Special Aluminium Alloy), steel billet, cobalt and molybdenum. 
Contrary to other exchanges the trade is still in the ring. The LME is in Europe the last exchange where open-outcry trading take place. The prices are based on supply and demand. 
LME has so-called Ring Dealing Members. Only these Ring Dealing Members are entitled to enter the ring and trade during the ring-trading sessions. 
There are twelve companies, who have the exclusive right to trade in the ring.

All companies who work with metals know the phenomena that prices can strongly fluctuate. This fluctuations depend not only from supply and demand but also from expectations and sentiments in the financial world. These prices are often unpredictable and have a big influence on profits of companies. LME offers as well buyers as sellers the opportunity to hedge their material price risk and have protection further future fluctuation in prices.

Real time LME prices

On the internet it is possible to follow the London Metal Exchange pricing with a delay of one day. Companies who are in the metal trading business are interested in real-time London Metal Exchange pricing. We offer these important real time prices such as scrap prices, LME copper and LME aluminum. With this information companies can react immediately on price fluctuations from the London Metal Exchange.

Metal Radar is a software developer and developes real time pricing solutions since 2007. From the three leading exchanges: London Metal Exchange, Chigago Mercantile Exchange and the Shanghai Futures Exchange, Metal Radar is an official developer and distributor. 

To be sure that you can access these important real time pricing at all times, Metal Radar also offers various apps for your Iphone, Blackberry en Android smartphones.

We offer real time prices on 2 different media:

  • Your PC screen                                      (OfficeRadar)
  • Your mobile Phone                               (MobileRadar)

On all these 2 media the information is real-time and are designed user friendly.
 Always easy to handle and always let you see the information you want to see.