Futures contract specification


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  SN 
Underlying metal   Tin of 99.85% purity (minimum) conforming to BS EN 610:1996 
Lot size  5 tonnes 
Prompt dates   Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 15 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   $5.00  $0.01
LMEselect   $5.00  $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 Tin 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.