-
Trading Screen Product Name
|
Aluminum LME
|
Commodity Code
|
LALZ/ AHD
|
Contract Size
|
25 tons / lot
|
Price Quotation
|
USD / ton
|
Contrac Type
|
3-Month
|
Contract Series
|
Listed daily
|
Trading Hours
|
Monday - Friday 07:00 A.M - 01:00 A.M (the next day) |
Minimum Price Fluctuation
|
0.50 USD / ton
|
Maturity Day
|
90 days forward the listed day
|
Last Trading Day
|
One business day prior to Maturity Day
|
Margin
|
As MXV required
|
Position Limit
|
As MXV required
|
Price Limit
|
As MXV required
|
Settlement Method
|
Deliverable
|
Quality Standards
|
Standards are detailed below
|
-
1. Primary aluminium with impurities no greater than the chemical composition of one of the registered designations:
a, P1020A in the North American and International Registration Record entitled “International Designations and Chemical Composition Limits for Unalloyed Aluminum” (revised March 2007)
b,Al99.70 in the GB/T 1196-2008 Standard entitled “Unalloyed aluminium ingots for remelting”
For warrants created up to and including 31 December 2009 primary aluminium of minimum 99.70% purity with maximum permissible iron content 0.20% and maximum permissible silicon content 0.10%.
2. Delivereable under the shape of Ingots, t-bars, sows
3. All aluminium deliverable against LME contracts must be of an LME-approved brand
(A) P1020A in the North American and International Registration Record entitled “International Designations and Chemical Composition Limits for Unalloyed Aluminium” (revised March 2007)
Element
|
Composition, % maximum
|
Si
|
0.10
|
Fe
|
0.20
|
Zn
|
0.03
|
Ga
|
0.04
|
V
|
0.03
|
Others Each **
|
0.03
|
Others Total **
|
0.10
|
Aluminium
|
Remainder
|
** There is no requirement within the Specification to establish the composition values of any other specific element.
(B) GB/T 1196-2008 registered designation Al99.70 entitled “Unalloyed Aluminium Ingots for Remelting”
Element
|
Composition %
|
Al
|
99.70 minimum
|
Si
|
0.10 maximum
|
Fe
|
0.20 maximum
|
Zn
|
0.03 maximum
|
Ga
|
0.03 maximum
|
Cu
|
0.01 maximum
|
Mg
|
0.02 maximum
|
Others Each
|
0.03 maximum
|
Total of all Impurities
|
0.30 maximum
|
Warrants issued before 1 January 2010 could also conform to specification (C) below:
(C) Primary Aluminium of Specification:
Element
|
Composition, % maximum
|
Si
|
0.10
|
Fe
|
0.20
|
Aluminium
|
99.70 % minimum
|