Futures contract specification
LME Tin
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 |
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| 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.
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