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. Lme plans to launch cash-settled cobalt contracts in early 2019, in addition to existing cobalt contracts for physical delivery that started trading in 2010 wehtje said there is a risk of splitting liquidity with two contracts. Five years after they launched, the london metal exchange (lme) has decided to pull the plug on its plastics futures contracts for polypropylene and linear low-density polyethylene, with the last prompt date for all existing contracts to be april 29, 2011 the decision to delist the contract was. Copper traded on the london metal exchange (lme), or lme copper, is priced per tonne, but comex copper, or contracts traded on the comex division of the new york mercantile exchange (nymex), are.
The lme has now adjusted again the contract's deliverability criteria, underlining to what extent the exchange remains wedded to physically deliverable contracts but it really needs to make the. The london metal exchange (lme) and world gold council have just confirmed that their new suite of london-based exchange-traded gold and silver futures contracts will begin trading on monday 10 july these futures contracts are collectively known as lmeprecious. Julian verden, managing director europe for stemcor, explains how they are working closely with their customers and suppliers along the steel value chain to reduce the risk of price volatility as much as possible through hedging with derivatives. Lme nickel sulfate contracts may help to develop the niche market into a growth market the recently announced lme nickel sulfate contracts under consideration are a strong indication that the.
How lme registered contracts differ from traditional futures lme futures are designed to mirror physical metal trading they use a prompt date structure that allows traders to buy and sell futures daily for the first three months, then weekly out to six months and monthly up to ten years. Lme contracts will roll through several different instrumentid values in the tblinstruments table throughout their lifetimes, with different serieskey and instrument values this is because the lme gateway will represent these contracts with “aliases” (3m, tom, and c) on certain days, for one day per “alias”, based on the number of days away from that contract’s prompt date. 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. The lme's physically settled premium contracts, covering the us midwest region, western europe, east asia and south east asia, were launched in 2015 as part of the exchange' warehouse reform package against a background of historically high aluminum premiums driven by warehouse queues. The london metal exchange (lme) is a commodities exchange in london, england, that deals in metal futures contracts on the exchange include aluminum, copper, cobalt and zinc.
Trading contracts introduced in late 2015 by the london metal exchange (lme) for ferrous scrap and steel rebar (commonly made from scrap) have seen increasing amounts of activity, according to matthew chamberlain, the lme’s chief executive. The lme conceived the idea of a premium contract when the premiums were high and rising, queues for aluminum at lme warehouses were long and metal was tied up in financing deals. Ncdhhs lme/mco directory services for the deaf and the hard of hearing back regional centers for the deaf and the hard of hearing.
London, june 6 (reuters) – the london metal exchange (lme) plans to launch around 15 new contracts from next january, including cash-settled cobalt and hot-rolled coil steel contracts, an. The london metal exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange’s business development manager. The lme also plans to launch a contract for alumina, the raw material to make aluminium, which has seen sharp price swings recently the alumina price has twice spiked and tumbled so far this year.
“the battery industry is a big part of metal contracts now trading, as a result of the increasing popularity of electric cars,” lme chief executive matthew chamberlain told the annual lme asia. 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. Lme copper 'a' grade futures prices are quoted in dollars and cents per metric ton and are traded in lot sizes of 25 tonnes (55116 pounds) nymex copper futures are traded in units of 25000 pounds and contract prices are quoted in dollars and cents per pound. A futures contract is the obligation to buy or sell a standard quantity of a specified asset (metal) on a set date, at a fixed price agreed today lme futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk.