(Greenwich Mean Time, the time difference with China is 8 hours, which means adding 8 hours, which is Beijing time).

At 7 o'clock, market makers do morning market.

1 1:40 The first trading market starts * Eight metals will be traded for 5 minutes each, and each trading market will last for 5 minutes from now on.

12:20 off 10 minutes

The second trading market has begun.

13: 10 at the end of the second trading market, the official quotations of eight metals were announced for settlement.

13: 15 The official quotation ends and OTC trading begins.

* All eight metals are traded with LMEX at the same time. LMEX's on-site trading is actually conducted within this range, that is, off-site trading time, and it does not have its own 5-minute trading time.

13:30 OTC trading (off-exchange) ends, and the whole morning trading also ends accordingly, turning into electronic trading time.

* In fact, electronic trading and floor trading are carried out at the same time, but the emphasis is different.

On-site trading starts in the afternoon.

15: 10 The third trading market begins.

15:50 off 10 minutes

The fourth trading market began.

16:35, the fourth trading market ends and OTC trading begins.

17:00 OTC (OTC) connection is switched to electronic trading time.

* No formal offer was made this afternoon.

6. delivery 6. LME:

Unlike domestic exchanges, LME three-month futures contracts are continuous contracts, so they are delivered every day. However, there are differences according to different positions: if the position is within three months, delivery can be requested on any trading day; The delivery date of a three-to six-month position contract is every Wednesday; The third Wednesday of each month is for 6 months to 15 months or more. LME has set a lower limit for discounts in spot copper. The spot discount for March copper should not be less than $30. On the contrary, the spot premium can be unlimited. After liquidation or delivery, the final premium will be returned or recovered according to the length of the position and the daily premium level announced by LME.