Difference between revisions of "LME Lead"

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|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|ltd      = Up until the close of the first Ring the day before the prompt date  <!-- Rules for determining Last Trading Day -->
 
|ltd      = Up until the close of the first Ring the day before the prompt date  <!-- Rules for determining Last Trading Day -->
|unit    = 25 tons (with a tolerance of +/- 2%) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
+
|unit    = 25 tonnes (with a tolerance of +/- 2%) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
|ptval    =  <!-- Dollar (or other currency) value of a single contract point -->
+
|ptval    =  US dollars per tonne <!-- Dollar (or other currency) value of a single contract point -->
 
|tickPt  =  <!-- Number of points per trading tick, eg 2.5 -->
 
|tickPt  =  <!-- Number of points per trading tick, eg 2.5 -->
 
|tickVal  = *Ring - Outright $0.50, Carries $0.01
 
|tickVal  = *Ring - Outright $0.50, Carries $0.01
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|ooSym    =  <!-- Ticker symbol for open outcry session; leave blank if none -->
 
|ooSym    =  <!-- Ticker symbol for open outcry session; leave blank if none -->
  
<!-- The following section is for option data -- leave blank if options are not relevant -->
+
<!-- The following section is for options data -- leave blank if options are not relevant -->
 
|oed      =  <!-- Rules for determining Option Expiration Day -->
 
|oed      =  <!-- Rules for determining Option Expiration Day -->
 
|options  = x <!-- Any value if option data is being provided -->
 
|options  = x <!-- Any value if option data is being provided -->

Latest revision as of 16:46, 2 December 2019

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Lead futures
Exchange LME
Settlement Physically delivered
Contract Size 25 tonnes (with a tolerance of +/- 2%)
Pricing Unit US dollars per tonne
Tick Value
  • Ring - Outright $0.50, Carries $0.01
  • LME Select - Outright $0.25, Carries $0.01
  • Inter-office - Outright/Carries $0.01
Contract Months Daily: out to 3 months

Weekly: 3 out to 6 months Monthly: 7 out to 63 months

Last Trading Day Up until the close of the first Ring the day before the prompt date
  Open Outcry Electronic
Trading Hours 11:45 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A
 
Lead options
Trade Unit One futures contract
Point Value $0.01 per tonne
Tick Value $0.01 per tonne
Option Months Monthly out to 15 months
Strike Prices
  • $25 gradations for strikes from US$25 to US$3975
  • $50 gradations for strikes form US$4000 to US$7950
  • $100 gradations for all strikes over $US8000
  Open Outcry Electronic
Trading Hours 11:45 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A

Notes

Resources

LME Lead Contract Specifications