| Contract code | ED | ||
| 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 Fastmarkets’ Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne price which is available from Fastmarkets from 16.00 London 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 | ||
More information
For full contract specification details, please refer to the LME Rulebook and our disclaimer page:
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