-
|
Trading Screen Product Name
|
LME Nickel
|
|
Commodity Code
|
LNIZ / NID
|
|
Contract Size
|
6 tons / lot (± 2%)
|
|
Price Quotation
|
USD / ton
|
|
Contract type
|
3-month
|
|
Contract Series
|
Daily
|
|
Trading Hours
|
Monday - Friday
07:00 A.M - 01:00 A.M (the next day) |
|
Minimum Price Fluctuation
|
5 USD / ton
|
|
Prompt date
|
Out to 3 months
|
|
Last Trading Day
|
Up until the close of the first Ring the day before the prompt date
|
|
Margin
|
As MXV required
|
|
Position Limit
|
As MXV required
|
|
Price Limit
|
As MXV required
|
|
Settlement Method
|
Deliverable
|
|
Quality Standards
|
Standards are detailed below
|
-
In accordance with the regulations of Nickel traded on London Metals Exchange (LME).
The Nickel delivered under this contract must be:
1. Primary Nickel and conform to one of the following Standards:
a. ASTM specification B39-79 (2013) – min 99.80% purity
b. GB/T 6516-2010 - Ni9990 grade
2. In the shape of cathodes (full plate or cut), briquettes or pellets; and
3. Of brands listed in the LME approved list.
Quality: ASTM Standard Specification for Nickel B39-79 (2013)
|
Element
|
Composition (%)
|
|
Ni
|
99.80
|
Minimum
|
|
Co
|
0.15
|
Maximum
|
|
Cu
|
0.02
|
|
C
|
0.03
|
|
Fe
|
0.02
|
|
S
|
0.01
|
|
P
|
0.005
|
Less than
|
|
Mg
|
0.005
|
|
Si
|
0.005
|
|
As
|
0.005
|
|
Pb
|
0.005
|
|
Sb
|
0.005
|
|
Bi
|
0.005
|
|
Sn
|
0.005
|
|
Zn
|
0.005
|
Quality: GB/T 6516-2010 – Ni9990 grade
|
Element
|
Composition (%)
|
|
Ni + Co
|
99.90
|
Minimum
|
|
Co
|
0.08
|
Maximum
|
|
C
|
0.01
|
|
Si
|
0.002
|
|
P
|
0.001
|
|
S
|
0.001
|
|
Fe
|
0.02
|
|
Cu
|
0.02
|
|
Zn
|
0.002
|
|
As
|
0.001
|
|
Cd
|
0.0008
|
|
Sn
|
0.0008
|
|
Sb
|
0.0008
|
|
Pb
|
0.0015
|
|
Bi
|
0.0008
|
|
Mg
|
0.002
|
