LME Copper 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. LME Contract Specifications. This is a brief summary of the main LME contract specifications. For more detail please Contact Us. LME Aluminium AH High grade primary aluminium Lot size 25 tonnes Prompt dates Daily: out to 3 months Weekly: 3 out to 6 months Monthly: 7 out to 123 months Tick Size: LME Copper contract specifications. This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook and for other information, please refer to our disclaimer page. Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining. Prompt Date/Settlement (delivery) Date Summary for LME Non-Ferrous Contracts Aluminium (Primary) and Copper Daily: Cash to 3 Months Weekly (1): 4 Months to 6 Months Monthly (2): 7 Months to 123 Months Lead, Nickel and Zinc Daily: Cash to 3 Months Weekly (1): 4 Months to 6 Months Monthly (2): 7 Months to 63 Months Copper futures and options are traded on the London Metal Exchange (LME) and the CME Group. Copper futures are traded on the Shanghai Futures Exchange. The CME copper futures contract calls for the delivery of 25,000 pounds of Grade 1 electrolyte copper and is priced in terms of cents per pound. Contract specification Description; Contract names: LME Aluminium US Premium : LME Aluminium West-Europe Premium LME Aluminium East-Asia Premium: LME Aluminium South-East Asia Premium Contract codes: AN: AW: AE: AS: Regions: Midwest and South US regions (as per US Census Bureau) Western Europe (as per UN Geoscheme M49 classification)
The Monthly Overview report provides a snapshot of key data relating to the LME's copper contract. The LME offers futures and options contracts for aluminium, aluminium alloy, NASAAC (North American Special Aluminium Alloy), cobalt, copper, lead, Contract Size25,000 Lbs. Tick Value12.5. Day's Range2.155 - 2.341. Settlement TypePhysical.
LME 226 – London Metal Exchange specification (effective 11 August 2003). D12S – Class 12 specification of the JIS H2118-1976, Standard. COPPER 2 Aug 2019 The contract and delivery size of the compulsory delivery copper contract is 2.5 MT. LME approved brands of grade A copper cathodes was Underlying, Copper - Grade A as defined in the rules and regulations of The London Metal Exchange from time to time. HKATS Code, LUC. Contract Size, 5 the daily rolling three-month futures contract, which has the Kenourgios [14] analysed the LME copper futures The size and the power of the variance. see for example, the Physical Contract Specifications set by the LME for copper. 11. Delivery date considerations are outside the scope of this paper, but their 8 Oct 2013 The LME's aluminium contract – the global benchmark for the $90bn market mirror the LME contract in many ways, according to a preliminary specification in the US that underpin physical delivery of its copper contract.
This is a summary of the contract specifications. For full contract specification
Extensive trading opportunities, as copper prices are sensitive to cyclical industries, such as construction and industrial machinery manufacturing, as well as to political situations in countries where copper mining is government-controlled; The benefits of central clearing, including guaranteed counterparty credit and segregation of customer The London Metal Exchange (LME) is the world’s premier non-ferrous metals market, offering trading in futures, Options contract specification Contract months Monthly out to 63 months Option type American style option LME Copper Futures Contract/quality Grade A Copper conforming to BS EN 1978:1998 (Cu-CATH-1) Lot size (warrant) A Profile for a commodities contract contains the Contract Specifications. Specifications include: Symbol - the root symbol for the commodity. Name - the commodity description; Exchange - the exchange on which the commodity is traded. Months - A specific month in which delivery may take place under the terms of a futures contract. Commodity