Aluminium Alloy
The LME Aluminium Alloy contract was first traded in October 1992 when it's current specification was introduced to the market.
The ring trading times for Aluminium Alloy are as follows:
Ring trading times for Aluminium Alloy
| Ring |
Time |
| Ring 1 |
11.45-11.50 |
| Ring 2 |
12.35-12.40 (Official Ring) |
| Kerb |
13.15-15.10 |
| |
| Ring 3 |
14.55-15.00 |
| Ring 4 |
16.10-16.15 |
| Kerb |
16.15-17.00 |
For details of the Aluminium Alloy registered brands, please see the LME website.
Current Sempra prices:
The prices quoted do not constitute an offer by Sempra Metals Limited to buy or sell any product.
| LME Aluminium Alloy Futures Contract Specification |
| Contract |
Aluminium Alloy conforming to one of the specifications below:
A380.1, 226 or D12S |
| Lot size |
20 tonnes (with a tolerance of +/- 2%) |
| Form |
- Ingots
- Small sows (four-way entry sows)
- Large sows (low profile sows)
- T-bars
|
| Weight |
- 4-25 kgs pieceweight. 500-1000kgs bundleweight
- 408 - 590 kgs pieceweight
- 300 - 726 kgs pieceweight
- 408 - 726 kgs pieceweight
|
| Delivery dates |
Daily for 3 months forward and then every Wednesday for the next 3 months
and then every third Wednesday of the month for the next 21 months out to 27 month forward. |
| Quotation |
US dollars per tonne |
| Minimum Price Movement |
- Ring - Outright $0.50, Carries $0.01
- LME Select - Outright $0.25, Carries $0.01
- Inter-office - Outright/Carries $0.01
|
| Clearable currencies |
- US dollar
- Japanese Yen
- Sterling
- Euro
|
| LME Lead Options Contract Specification |
| Delivery dates |
Monthly from the first month out to 27 months |
| Value date |
The third Wednesday of the prompt month |
| Exercise date |
The first Wednesday of the prompt month |
| Premium quotation |
US dollars per tonne |
| Strike price |
- $25 gradations for strikes from US$25 to US$3975
- $50 gradations for strikes form US$4000 to US$7950
- $100 gradations for all strikes over $US8000
|
| LME Traded Average Price Options Specification |
| Contract date |
The business day on which the contract is traded |
| Contract period |
Calendar months up to 15, 27 or 63 months forward (in line with the underlying futures contracts).
The inclusive period between the first business day and the last business day of the traded month. |
| Option type |
Calls & puts based on the monthly average settlement price (MASP) |
| Currency & strike price |
US dollars; $1 gradations |
| Premium tick size |
0.01 USD (one cent) |
| Premium payment |
Next business day after contract is traded |
| Settlement date |
Settlement is two business days after exercise.
The futures trades settle as per LME rules & regulations. |