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Parameter |
Definition |
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Name |
LME Lithium Hydroxide CIF (Fastmarkets MB) |
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Contract code |
LH |
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Contract type |
Future |
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Delivery type |
Cash settled |
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Lot size |
1 metric tonne |
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Contract period |
Monthly prompts out to 15 months |
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Price quotation |
USD per metric tonne |
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Clearable currencies |
USD |
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Minimum price fluctuation |
Venue LMEselect Telephone |
Outright $10.00 |
Carries $10.00 |
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Termination of trading |
Last LME business day of the contract month |
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Daily settlement procedure |
LME Trading Operations will calculate daily settlement values based on its published procedures |
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Final settlement pricing procedure1 |
Following termination of trading for a contract month, final settlement will be based on the reported arithmetic monthly average of Fastmarkets’ Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kg price, which is available from Fastmarkets from 16.30 London time on the last trading day |
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Final settlement price published by the LME |
Last trading day |
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Trading venues |
LMEselect and inter-office telephone |
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Trading hours |
LMEselect: 01.00 –19.00 London time Inter-office telephone: 24 hours a day |
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Margining |
Realised variation margins applied |
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1 In certain circumstances, the cash-settled futures index that is used as the final settlement price for this cash-settled future may be known before the last trading date/time. In these circumstances, it will be possible for market participants to enter bids and offers, and to trade, in this cash-settled future on LMEselect and in the
inter-office market on the basis of a known price. The Exchange shall not accept any liability for any losses that a market participant may incur as a result of trading activity conducted in these circumstances.