Futures contract specifications

LME Aluminium

Futures contracts are an agreement to buy or sell a fixed amount of metal for delivery on a fixed future date at a price agreed today.

Contract code AH 
Underlying metal  High grade primary aluminium 
Lot size  25 tonnes 
Prompt dates  Daily: out to 3 months 
Weekly: 3 out to 6 months 
Monthly: 7 out to 123 months 
Price quotation  US dollars per tonne  
Clearable currencies US dollar, Japanese yen, sterling, euro
Minimum price fluctuation (tick size) per tonne    Outright  Carries
 Ring  $0.50  $0.01
 LMEselect  $0.50  $0.01
Inter-office   $0.01  $0.01
Last trading day Up until the close of the first Ring the day before the prompt date
Settlement type Physical
Trading venues  Ring, LMEselect, inter-office telephone

 

LME Aluminium Contract specifications

This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook and for other information, please refer to our disclaimer page. 

Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining.