Zinc
The LME Special High Grade Zinc contract became an official one in 1915 although it had been traded unofficially on the Exchange since its establishment in 1877. Since that time, the LME Zinc contract has become the 3rd largest traded on the LME.
The ring trading times for Special High Grade Zinc are as follows:
Ring trading times for Special High Grade Zinc
| Ring |
Time |
| Ring 1 |
12.10-12.15 |
| Ring 2 |
12.50-12.55 (Official Ring) |
| Kerb |
13.15-15.10 |
| |
| Ring 3 |
15.05-15.10 |
| Ring 4 |
15.45-15.50 |
| Kerb |
16.15-16.50 |
For details of the Special High Grade Zinc 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 Zinc Futures Contract Specification |
| Contract |
Zinc of 99.995% minimum purity. Zinc placed on warrant on or after 1st Nov 2000 must conform with the 99.995% graded zinc chemical composition of the BSEN 1179:1996 Standard entitled "Zinc and Zinc Alloys - Primary Zinc". |
| Lot size |
25 tonnes (with a tolerance of +/- 2%) |
| Form |
Ingots (slabs and plates will be referred to as ingots) |
| Weight |
Up to 55 kg each. Each parcel placed on warrant shall be delivered in bundles not exceeding 1.5 tonnes. |
| 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 Zinc 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. |