19 Mar 2015 London Metal Exchange urged to act swiftly over 'broken' aluminium the metal and sell a futures contract for later delivery at higher prices. 1 May 2017 in aluminum contracts (U.S. Senate, 2014). An increase in the LME price will therefore increases the price for purchases taking place off of the LME Aluminium Contract specifications. Every metal traded on the LME must conform to strict specifications regarding quality, lot size and shape. Each LME tradeable contract is likewise governed by rules covering (but not limited to) prompt dates, settlement terms, traded and cleared currencies and minimum tick size. Contract specifications Futures contract specifications LME Aluminium. Futures contracts are an agreement to buy or sell a fixed amount of metal for delivery on a fixed future date at a price agreed today. All LME contracts are traded in lots - which vary in size from 1 to 65 metric tonnes depending on contract type and the underlying metal - and are priced in US dollars. The LME publishes official exchange rates to enable settlement in pound sterling, Japanese yen and euros, as well as US dollars. LMEminis contract specifications LME Aluminium. LMEminis are small-sized, cash settled monthly futures contracts. London Metal Exchange - LME: A commodities exchange in London, England, that deals in metal futures. Contracts on the exchange include aluminum, copper and zinc. Trading on the LME can be done in
LME Aluminium Premiums contracts are designed specifically to help the physical industry hedge the premium portion of the “all-in” aluminium price. Two types All LME contracts are traded in lots - which vary in size from 1 to 65 metric tonnes depending on contract type and the underlying metal - and are priced in US
The world prices of aluminum are listed on the London Metal Exchange (LME) and form the basis for price calculations of many aluminum processing enterprises. The LME aluminum gives the price in U.S. dollars per 1,000 kg. The ‘settlement price’ is the official cash sale and generally serves as a basis for contracts. Current lme aluminum LME Aluminium Alloy Contract specifications. Every metal traded on the LME must conform to strict specifications regarding quality, lot size and shape. Each LME tradeable contract is likewise governed by rules covering (but not limited to) prompt dates, settlement terms, traded and cleared currencies and minimum tick size. The London Metal Exchange (LME) is the futures exchange with the world's largest market in options and futures contracts on base and other metals.As the LME offers contracts with daily expiry dates of up to three months from trade date, weekly contracts to six months, and monthly contracts up to 123 months, it also allows for cash trading. It offers hedging, worldwide reference pricing, and London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence trading on March 11 and will use the CRU-API to settle physical contracts […]
Which companies are the largest aluminium producers in the world, where does bauxite mined It accounts for nearly a third of all contracts made on the LME. examine in this study its contracts for Aluminum, Copper, Lead, Nickel, Tin and Zinc. 2 Typically there may be some small lag comprising several business days 12 Feb 2019 The LME addresses daily rolling three month (3M) futures contracts that CWs and LME metal prices, including aluminum, zinc, tin and nickel, Monthly price chart and freely downloadable data for Aluminum. Contract Month: MAR 20 Description: Aluminum (LME) London Metal Exchange, unalloyed primary ingots, high grade, minimum 99.7% purity, settlement price beginning respective London Metal Exchange (LME) aluminium, zinc, copper, lead, nickel who are based in Asia and want to be able to buy and sell futures contracts. Contract Specifications ALUMINIUM Future mid-price (i.e. average of last bid and offer prices) of the London Metal Exchange's (LME) Aluminium at the end of 5 Dec 2019 The LME aluminum official cash close was settled at $1,802/mt Tuesday. The cash-to-three-month spread was in $8.5/mt backwardation as of
London Metals Exchange (LME) - Aluminium Alloy This page lists all futures symbols for the selected exchange. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. “There are no position limits (on aluminum contracts) as such on the LME, if you are financing physical material there are no limits,” a metals analyst said. “The LME is a physical market The aluminum contract, now the LME’s largest, struggled in its early days because the producers would not touch it, seeing it as a vehicle to undermine their pricing power. The London Metal Exchange (LME) launched three new contracts this week — LME Aluminium Premiums, LME Steel Rebar and LME Steel Scrap, the first new contracts to be offered by the Exchange in