LME Steel HRC FOB China (Argus)

Data valid for 18 October 2019

LME CLOSING PRICES, US$ Per Tonne

Contract Price
Month 1 441.00
Month 2 420.50
Month 3 418.50
Month 6 420.00
Month 12 417.00
Month 15 414.00

LME CLOSING PRICES curve

HISTORICAL PRICE GRAPH

LME Steel HRC FOB China (Argus) - contract specifications

Contract code HC
Contract type Futures
Deliver type Cash settled
Lot size 10 metric tonnes
Contract period
Monthly prompts out to 15 months
Price quotation US dollars per metric tonnes
Clearable currency USD
Minimum price fluctuation Venue
Outright  Carries 
LMEselect  $0.50  $0.01 
Telephone $0.01  $0.01 
Termination of trading Last LME business day of the contract month
Daily settlement procedure LME Trading Operations will calculate daily settlement values based on its published procedure
Final settlement price published by the LME Last trading day
Final settlement procedure1 Final settlement, following termination of the trading for a contract month, will be based on the reported arithmetic monthly average of the Argus HRC FOB Tianjin China index which is available from 18:00 Singapore time on the last trading day
Trading venues LMEselect and inter-office telephone
Trading hours LMEselect 01:00 - 19:00 London time 
Inter-office telephone 24 hours a day 
Margining Realised variation margins applied

 

The Monthly Overview report provides a snapshot of key data relating to LME Steel HRC FOB China (Argus) including:

  • Trading volumes
  • Futures Market Open Interest (MOI)

Download historical data for this contract (including daily closing price forward curves, final settlement prices, daily volumes and exchange open interest) here: Historical data for cash settled futures

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