Is steel traded on the LME?
Is steel traded on the LME?
The LME cash-settled ferrous contracts were designed in close consultation with the steel community to meet their risk-management needs. All our ferrous contracts are underpinned by leading and carefully selected index providers, and are tradable on LMEselect and via the inter-office market out to 15 months.
What metals are traded on the LME?
The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. The LME is a non-ferrous exchange, which means that iron and steel do not trade there. Instead, tradable contracts include aluminum, copper, gold, silver, cobalt, and zinc.
What is LME steel price?
Featured LME prices
| US$: 7 September 2021 | |
|---|---|
| LME Cobalt | 50,480.00 |
| LME Gold* | 1,796.40 |
| LME Silver* | 24.345 |
| LME Steel Scrap** | 453.50 |
Why is LME increasing?
While SMM believed there is now limited room for LME aluminium to go up dramatically due to Chinese exports, there are several factors that have supported the price rise. Open interest has also increased to 690,000 lots from 662,000 mt, while the SHFE-LME ratios moved lower to around 6.7.
Who can trade on LME?
Participants on the LME include: Metal producers such as miners, smelters and refiners • Metal consumers such as industrial manufacturers • Merchants and physical traders • Banks, financial funds and commodity trading advisers (CTAs) • Proprietary traders • Brokers and clearing institutions.
Which is the official price of LME tin?
The LME Official Settlement Price is the price at which all LME futures are settled. Prompt dates. Cash, three month and 15 month: LME Tin, LME Steel Billet, LME Cobalt and LME Molybdenum. Cash, three month and one forward December prompt: LME Aluminium Alloy and LME NASAAC.
Which is the last price quoted on the LME?
The LME Official Price is the last bid and offer price quoted during the second Ring session and the LME Official Settlement Price is the last cash offer price.
What is the current price of LME in Singapore?
LME Official Price Trading day and price points London Singapore New York LMEselect open 01.00 09.00 20.00 LME Asian Reference Price Established 06 07.00 15.00 02.00 Stock inventories published 09.00 17.00 04.00 Ring open 11.40 19.40 06.40
Which is the official price of LME copper?
The LME Official Settlement Price is the price at which all LME futures are settled. Cash, three month and one forward December prompt: LME Aluminium Alloy and LME NASAAC. Cash, three month and three forward December prompts: LME Aluminium, LME Copper, LME Lead, LME Nickel and LME Zinc.
