How are LME prices calculated?
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How are LME prices calculated?
The LME Official and Settlement prices, are based on trading activity on the Ring. The LME Asian Reference Price is calculated using the volume-weighted average of trades transacted on LMEselect during the most liquid period of Asian trading hours.
How does the London metals Exchange work?
The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. The LME is a non-ferrous exchange, meaning the exchange does not trade iron and steel. Instead, tradable contracts include aluminum, copper, gold, silver, cobalt, and zinc.
What is the meaning of LME price?
The LME Official Price is the last bid and offer price quoted during the second Ring session and the LME Official Settlement Price is the last cash offer price.
What is premium on LME price?
LME Aluminium Premiums are monthly contracts, settled physically net of the Free on Truck (FoT) warehouse fee, on the third Wednesday of every month out to 15 months. Premium contracts trade without diluting liquidity from the regular LME market.
Who owns the London Metal Exchange?
Hong Kong Exchanges and Clearing
The London Metal Exchange/Parent organizations
It is owned by Hong Kong Exchanges and Clearing Ltd, which purchased it on December 6, 2012. The LME (as part of HKEx) was ranked as the world’s 16th-largest derivatives exchange by volume in 2016, according to the annual volume survey published by the Futures Industry Association (FIA).
Are steel prices going up in 2021?
Will steel prices go down in 2021? Steel prices are extreme and should decline from late second quarter through the end of 2021. Locking now will mean over-paying over the second half of the year.
Why is LME Aluminium increasing?
Three-month aluminium on the London Metal Exchange (LME) hit its highest since July 2008 at $3,000 a tonne. Aluminium prices climbed to their highest in more than 13 years on Monday, driven by concerns over supply in China, the world’s biggest consumer and producer of the metal.
What metals are traded on the exchanges?
The precious metals with active commodities markets include gold, silver, platinum, and palladium.
What are aluminium premiums? Aluminium premiums represent the cost of buying metal on the physical market on top of the London Metal Exchange cash contract. The volatility of aluminium premiums has been by far the biggest and most important development in the aluminium market since the global financial crisis.