LME Rings

BaseMetals.com has a unique screen for viewing price movements from the floor of the LME during the ring sessions. It tracks which session is open, and which metal is being traded in the current session, and displays prices for that metal. When the session moves on to the next metal, the screen automatically changes to show the new metal. The previous metal is displayed for 20 seconds after the change, before it is closed.

Initially the rings screen will show a message that the rings are closed, with an automatic countdown to the time at which they open. Once the rings open (11:45 London time), the first metal will automatically appear in the dark blue strip :

The prices displayed are for Tom Next (T/N), Cash, Cash to 3 months (C-3M) and 3 months (3M) contracts. The light grey area below shows the latest floor prices for the 3M contracts for the current ring or kerb session. When the session changes (e.g. from Ring 1 to Ring 2) these prices will be blanked out ready for the prices for the new session. Click on the button to view detailed floor prices for that metal for all ring and kerb sessions:

This screen also allows you to view the prices by contract, or by ring session by clicking on the button.

The default is to show prices by contract.

When the session changes the new metal appears automatically, and the previous metal is displayed for 20 seconds before it is hidden. For example here is the change over from Copper to Lead in Ring 1:

Also displayed at the top of the dark blue strip, is a scrolling ticker of the latest prices for LME carry contracts traded in the ring:

Quotes and trades are displayed in an abbreviated form. In the example above we are looking at a spread contract: