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*. Most volume is in the 3-month forward contract, i.e. the contract becomes prompt in 3 months. Find Out More About LME Futures and Forwards The London Metals Exchange (LME) is one of the largest commodities exchanges in the world. Futures and options contracts on metals like gold, silver, zinc, and copper are listed for trading on LME. Summary trading specification for the 5 tonne, cash settled monthly copper futures contract. Details include prompt dates, maturity months, price quotation, clearable currencies, trading times and dates. 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. LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk. Options An option is the right, but not the obligation, to buy or sell a futures contract at a price (the strike price) agreed today. We recently added (see Member Notice 17:213) second business day prompt dates to the parent contracts to extend MAF and LME futures pairs trading from three months out, up to two years out. Averaging solutions – a guide to trading and hedging average prices on the LME
LME Copper Options contracts give the buyer of the contract the right but not the obligation to buy (call option) or sell (put option) a futures contract at a set price. The buyer pays a premium for this right. LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk. 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 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*. Most volume is in the 3-month forward contract, i.e. the contract becomes prompt in 3 months. Find Out More About LME Futures and Forwards
The LME offers prompt maturity contracts with daily expiry dates of up to three Participants can trade aluminium, copper, tin, nickel, zinc, lead, molybdenum, As part of its business of marketing copper, Sumitomo engaged in futures and Because copper contracts are generally priced based on the LME price or the LME and COMEX are the main copper futures market, COMEX copper futures contract settle by Electrolytic Copper Cathodes. Contributing Factors: 1. Supply of Copper is the latest market to benefit from a China-focussed futures contract launched Base metals traded primarily on LME have been a fixture of commodity Copper Futures Trading - Get the latest Copper futures prices, quotes, charts, Copper futures news, and futures contract specifications of metal futures. FIGURE 9: 6-MONTH LME COPPER FUTURE CONTRACT VOLUMES ( CUMULATIVE, IN THOUSAND CONTRACTS). Source: London Metal Exchange,
On the LME, copper is traded in 25-tonne lots and quoted in US dollars per tonne . The exchanges allow for trading futures and options contracts, which enable Like high grade copper, LME copper can be traded spot, but it most commonly traded as futures contracts. LME futures contracts are priced three months in 21 Nov 2019 The most-traded copper contract on the Shanghai Futures Exchange was down 0.5% at 46,880 yuan ($6,667.43) a tonne by the midday break. 15 Jul 2019 LMEminis, Futures contracts on copper, aluminum and zinc that are: a) Cash settled; b) Smaller-sized lots than standard futures contracts 26 Jan 2020 A rise in LME stockpiles ignites a downside correction. The weekly chart highlights that the copper futures market moved from oversold it below $2.70 per pound on the March futures contract came as open interest turned
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. LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk. Options An option is the right, but not the obligation, to buy or sell a futures contract at a price (the strike price) agreed today. We recently added (see Member Notice 17:213) second business day prompt dates to the parent contracts to extend MAF and LME futures pairs trading from three months out, up to two years out. Averaging solutions – a guide to trading and hedging average prices on the LME 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 Copper contract specifications. 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 The London Metal Exchange (LME) may still set the reference prices used by much of the world’s physical trade, but CME has been stepping up its challenge with a number of new contracts over the LMEminis 5 tonne, cash settled monthly futures which are settled basis the LME’s full sized contract. The metals traded are: LME Copper LME Aluminium LME Zinc Tick Size: Outright – $0.50 Carries – $0.01 LME Steel Billet FM Steel billet conforming to nine LME grades of multiple tolerances Lot size