LME Aluminium Premium Duty Paid US Midwest (Platts)

Data valid for 19 August 2019

LME CLOSING PRICES, US$ PER TONNE

Contract Price
Month 1 387.42
Month 2 382.57
Month 3 382.57
Month 6 380.36
Month 12 379.26
Month 15 379.26

LME CLOSING PRICES, US$ PER TONNE

Historical price graph

LME Aluminium Premium Duty Paid US Midwest (Platts) - Contract specifications

Contract code UP
Contract type Futures
Deliver type Cash settled
Lot size 25 metric tonnes
Contract period
Monthly prompts out to 15 months
Price quotation US dollars per metric tonne
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 + 1 Business 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 Platts Aluminium Transaction Premium DDP US Midwest index which is available from 19:30 Eastern Standard 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 Aluminium Premium Duty Paid US Midwest (Platts) 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