London Metal Exchange
| Product Name/Code | Category | Specifications | Minimum Price Fluctuation | Daily Price Limit | More information | |
|---|---|---|---|---|---|---|
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# Aluminum Alloy (MAA) |
Futures | 20 metric tons |
0.5 USD/ton = 10 USD | 15% |
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# Copper Grade A (MCU) |
Futures | 25 metric tons |
0.5 USD/ton = 12.5 USD | 12% |
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# High Grade Aluminum (MAL) |
Futures | 25 metric tons |
0.5 USD/ton = 12.5 USD | 12% |
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# Nickel (MNI) |
Futures | 6 metric tons |
5 USD/ton = 30 USD | 15% |
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# Tin (MSN) |
Futures | 5 metric tons |
5 USD/ton = 25 USD | 15% |
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# Zinc (MZN) |
Futures | 25公噸 |
0.5 USD/ton = 12.5 USD | 15% |
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# Refined Lead (MPB) |
Futures | 25 metric tons |
0.5 USD/ton = 12.5 USD | 15% |
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For the trading months of options, please refer to the list of Last Trading Day. All of the above are in daylight saving time. For most of U.S., European, and Australian products, trading hours will be delayed by one hour during winter time.
According to the account opening and entrustment contract with our company, physical delivery of foreign futures contracts may not be accepted. Traders are required to close out positions within the timeframe specified by the company. Otherwise, the company reserves the right to offset positions upon expiration.
If electronic closeout is unavailable after the first notice day, please contact the trading desk at +886-2-2755-1326.
For cash-settled products, cash settlement will be executed after the market close on the last trading day in accordance with exchange rules.
Notes:
* The "#" before the product name indicates physical delivery futures or futures options, while the "$" indicates cash-settled futures or spot options.
* Acceptable Order Types: 1. Limit, 2. STP Limit (Limit price must be better than trigger price).
*Volatility controls: price limits and price bands; LME Regulation.
*The LME contract expiration dates are not fixed. Every trading day represents a new contract expiring three months later. For example, a contract traded on January 10 expires on April 10, while a contract traded on January 15 expires on April 15. If the expiration date falls on a Saturday, it moves to the preceding business day. If it falls on a Sunday or a public holiday, it is extended to the following business day. Positions must have the same expiration date to offset. If buy and sell positions are initiated on different days, their expiration dates will differ. In such cases, an adjustment (referred to as "carry trade") is required to align both positions to the same expiration date. To close out positions with mismatched expiration dates, the closing price must include a premium or discount (contango or backwardation adjustment) to account for the difference in value between the original and adjusted dates. Please refer to LME website.
* European Daylight Saving Time (DST) runs from the last Sunday in March to the last Sunday in October.
For detailed information, please refer to the websites of each exchange. This information is for reference only, and any relevant details are subject to exchange announcements. Users are responsible for any losses incurred from trading based on this information.
