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 aluminium alloy (1992), steel (2008), and minor metals cobalt and molybdenum ( 2010). 10 Mar 2020 The London Metal Exchange (LME) launched its fob China hot-rolled coil (HRC) contract a year ago. The contract traded 67109 lots in its first Download scientific diagram | The traded volume of the LME steel billet futures contract from publication: Relationship between Oxidation of Metal Surface Layer 29 Apr 2019 On 11th March 2019, the London Metal Exchange (LME) launched its new hot- rolled coil (HRC) futures contract – the LME Steel HRC FOB Steel Rebar is mostly traded on the Shanghai Futures Exchange and London Metal Exchange. The standard future contract is 10 tons. Steel is one of the world's 24 Oct 2019 The move into ferrous metals started with steel contracts in February 2008 Under the terms of the agreements, the LME licenses its steel billet
Aluminium. Nickel. Zinc. Lead. Tin. Sec.AL. Steel. Cobalt. Molybdenum LME offers futures and options various contracts for aluminium, copper, tin, nickel, zinc , 10 Apr 2019 With the launch of its new cobalt contract, we reached out the LME with in other new markets such as LME Steel Scrap and LME Steel Rebar, 10 Jan 2020 LME Volumes by Contract: https://tmsnrt.rs/2utkqu5. LONDON, Jan ShFE currently runs the highest-volume global steel contract. Steel rebar 28 Mar 2017 Introduction to the London Metal Exchange. 2. 3. LME Steel Scrap contract New contracts have been added to the initial Copper and Tin
The specifications for the US contract will be quite similar to those in the LME’s existing steel scrap and steel rebar contracts, Kusigerski said. Final settlement, following termination of the trading for a contract month, will be based on a price reporting agency (PRA) reported price, a slide accompanying Kusigerski’s comments showed. The London Metal Exchange (LME) has announced the appointment of four new members to its Steel Committee as it prepares to launch two steel industry-related contracts in November 2015—one for ferrous scrap and the other for steel rebar.. The new Steel Committee board members are: William Schmiedel, Sims Group Global Trade Corporation, an affiliate of Sims Metal Management; This is the key ingredient for stainless steel producers and consumers are using the LME’s Nickel contract as a basis price for the resulting stainless steel products. Find out more about liquidity and risk The London Metal Exchange was founded in the year 1877, but has a history from the year 1571. LME is now the world’s leading market for non-ferrous metals. LME prices are very important for companies who trade in these metals. The owner is LME Holdings Limited and is located at Leadenhall Street, City of London, United Kingdom.
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. 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 The London Metal Exchange is the world centre for industrial metals trading. The prices discovered on our three trading platforms are used as the global reference price and both the metal and investment communities use the LME to transfer or take on risk, 24 hours a day. The London Metal Exchange (LME) launched seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after The LME has two existing steel contracts, one for scrap and one for rebar. The scrap contract has been a stand-out in terms of its trading volumes, up 56 percent last year on a chargeable average
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.