LME Aluminium Premium Duty Paid US Midwest (Platts)
Data valid for 24 May 2019
LME CLOSING PRICES, US$ PER TONNE
| Contract | Price |
|---|---|
| Month 1 | 420.42 |
| Month 2 | 406.09 |
| Month 3 | 400.80 |
| Month 6 | 374.85 |
| Month 12 | 370.07 |
| Month 15 | 370.07 |
LME CLOSING PRICES, US$ PER TONNE
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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:
- Cash and 3 month prices
- Trading volumes
- Futures Market Open Interest (MOI)
- Warehouse stock movements.
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