At the end of intra-circle trading in the morning, that is, the last spot quotation of intra-circle trading in the second quarter becomes the official settlement price of LME. This price is generally recognized by relevant markets and is usually regarded as the basis of spot pricing.

Intra-circle trading and OTC trading are collectively referred to as intra-market trading. All metals can be traded at the same time during OTC trading hours, but each metal can be traded separately for 5 minutes in turn during OTC trading hours.

The time mentioned in this article is Beijing time, which is 8 hours earlier than the local Beijing time in London. In summer, due to the 7-hour time difference in British daylight saving time, the trading time is advanced by 1 hour.

The trading hours of LME are as follows:

1, LME- Option: 09: 00-03: 00 (the next morning)

Please note: in summer, due to the use of daylight saving time in the UK, the Beijing time of the transaction is advanced by 1 hour.

2. OTC trading (also called office or telephone trading): 24 hours a day.

3. Ring trading &; OTC): 19: 45-0 1: 00 (the next morning)

Please note: in summer, due to the use of daylight saving time in the UK, the Beijing time of the transaction is advanced by 1 hour.

The first section begins.

Aluminum alloy /nasaac 19: 45- > tin 19: 50- > aluminum 19: 55- > copper 20: 00- > lead 20: 05- > zinc 20: 10- >.

The market is closed for 5 minutes at 20:25.

The second quarter begins at 20:30.

Copper 20: 30- > aluminum alloy /NASAAC 20: 35- > tin 20: 40- > lead 20: 45- > zinc 20: 50- > aluminum 20: 55- > nickel 2 1:00.

2 1:05 The second quarter is over and the market is closed 10 minute. The official quotations for eight metals were announced and confirmed.

2 1: 15 The official quotation ends and OTC trading begins.

At 22: 45, the off-exchange transaction ended.

Close at 22:45, 10 minutes.

At 22:55, the third quarter begins.

Aluminum alloy /nasaac 22: 55- > lead 23: 00- > zinc 23: 05- > copper 23: 10- > aluminum 23: 15- > tin 23: 20- > nickel 23:25.

The market closes for 5 minutes at 23:30.

At 23:35, the fourth quarter begins.

Polypropylene 23: 35- > lead 23: 40- > zinc 23: 45- > copper 23: 50- > aluminum 23: 55- > tin 00: 00- > nickel 00: 05- > aluminum alloy /NASAAC 00: 10.

00: 15 The fourth part ends and OTC trading begins.

0 1:00 OTC trading ends.

* No formal offer was made this afternoon.

Note: Trading of tin and polypropylene stopped at 24:35.

At 24: 40, lead stopped trading.

At 24:45, nickel stopped trading.

At 24: 50, zinc stopped trading.

At 24:55, copper stopped trading.

00:00 Trading of aluminum, aluminum alloy and NASAAC stopped.