London Metal Exchange
London Metal Exchange aluminum futures trading Introduction Aluminum is second only to the second largest steel metal. Because aluminum lightweight, elongation, anti-corrosion and strong, aluminum is widely used in construction, packaging, electronics and other industries. 2000, 2119 global aluminum production reached 10,000 tons, the London Metal Exchange (LME) aluminum futures and options trading volume reached 25 million contracts (approximately 600 million tons);? 2001 1--7 months, the London Metal Exchange aluminum futures and options trading volume reached 1517? 01,580,000 hand (about 370 million tons), the London Metal Exchange has become the world's largest non-ferrous metals trading base. London Metal Exchange aluminum contract for the 99.7% of aluminum, 25 tons each hand (+/- 2%), aluminum contract minimum price fluctuation of 50 cents / ton. Ingot form, there are three: 1. Ingots (12-26 kg); 2. T-shaped ingot (750 kg); 3. Large sheet ingot (750 kg). Working days a week, non-ferrous metals on the London Metal Exchange trading hours following procedures: 11:40 GMT, floor trading began in the morning, turn on each trading products trading for 5 minutes; 12: 20,8 metals all After successive transactions, rest for 10 minutes; 12:30, beginning in the morning the second transaction, each species is still trading in the order 5 minutes. Because of the morning the second day of the official floor trading decisions settlement price, so a special significance. After the official settlement price quoted, that about 13:15 pm, off-price began trading until 13:30. During this period, eight metal species at the same time deal. Morning after floor trading closed at the end of the off-price deal was transferred to the venue. London Metal Exchange was trading at 15:10 the second day afternoon. Similar afternoon floor trading with morning trading, after the end of 16:35, then off-exchange transactions until 17:00, lasted 25 minutes. The difference in the morning with afternoon trading venue is no floor trading afternoon officially announced the settlement price of this important program.
