Copper Price Live
| Last Price | Change | High |
|---|---|---|
| 410.9 | -3.15 | 415.45 |
Similarly What LME means? The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. It is the largest exchange for options and futures contracts for base metals, which include aluminum, zinc, lead, copper, and nickel. The exchange also facilitates trading of precious metals like gold and silver.
How do you read LME? The LME is a terminal market whereby every futures contract anticipates that a delivery will take place. While the majority of contracts are for financial purposes and are cancelled out by equal and opposite contracts, there is a physical commitment behind the original contract.
Additionally, What is LME 3 month contract?
LME contracts
The 3-month LME rolling contract (contract with the 3-month prompt date) is the most liquid contract on any given trading day – it’s the anchor price for the market. Most participants tend to “trade out” of the 3-month contract and “roll” into a contract with the desired prompt date.
What time LME opens?
The London Metal Exchange is open Monday through Friday from 1:00am to 7:00pm British Summer Time (GMT+01:00).
What is cash LME? Cash prices represent the current price in the market for spot contracts. LME cash contracts are for settlement or delivery two Business Days forward from the trading day.
What is cash settlement price in LME? 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 a cash settlement Future? A cash settlement is a settlement method used in certain futures and options contracts where, upon expiration or exercise, the seller of the financial instrument does not deliver the actual (physical) underlying asset but instead transfers the associated cash position.
What metals are traded on LME?
LME participants can trade and take or make delivery of aluminium, copper, tin, nickel, zinc, lead, aluminium alloys and premiums. Non-ferrous prices discovered on our platforms are used as the global reference price.
Why did LME shut down? LONDON — The London Metal Exchange said Wednesday it had been forced to halt the nickel market once again after a “systems error” allowed a small number of trades to go through below its newly imposed daily price limit. The LME said trades executed below the lower daily price limit would be canceled.
What is KERB trading LME?
Filters. An informal trading period on the London Metal Exchange that takes place in the ring beginning at 1:15 p.m. GMT, and ending at 3:10 p.m. At this time, eight non-ferrous metals contracts and the silver index contract trade simultaneously.
What is cash settlement price? Cash settlement involves the purchaser or the contract holder to pay the net cash amount on the settlement date and execute the commodity settlement. The net cash amount is the difference between the spot price (SP) and the futures price (FP) of the underlying(s).
What is the LME price of gold?
LME Gold Closing Prices
| Contract | Price |
|---|---|
| Spot | 1971.60 |
| Month 1 | 1971.60 |
| Month 2 | 1972.10 |
| Month 3 | 1973.40 |
What are LME futures?
LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk. A futures contract is the obligation to buy or sell a standard quantity of a specified asset (metal) on a set date, at a fixed price agreed today.
What is LME premium? 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.
What is unsettled cash? Unsettled Cash is the cash you received from the sale of an investment on the platform. This cash cannot be withdrawn until it has gone through a settlement process.
What indexes are cash settled?
Types of Cash Settled Option Indexes
Examples of cash settled index options that you can trade are S&P 500 Index (SPX), Nasdaq 100 Index (NDX), Russell 2000 Index (RUT), Volatility Index (VIX), Dow Jones Index (DJX), S&P 100 Index (OEX), and the S&P 500 Mini Index (XSP).
What is the difference between cash settlement and delivery? In case of physical delivery, the holder of the contract will either have to take the commodity from the exchange or produce the commodity. However, cash settlement does not involve any delivery of asset, but just net cash is settled on contract expiration.
Who regulates the LME?
From 3 December 2019, the LME is also authorised and regulated by the Financial Conduct Authority in respect of its benchmark administration activities under the European Benchmarks Regulation.
What happened on the LME? What did the LME do? Along with suspending trading, it decided to cancel $3.9 billion in trades. Effectively, it rewound the market to the closing price on March 7 of $48,078 per metric ton, down from a high of over $100,000 in the early hours of March 8.
Is nickel trading on LME?
Nickel Is Trading at Last on LME as Buyers Return After Squeeze.
Why nickel suspended? LONDON (AP) — Nickel trading in London was suspended Wednesday shortly after it resumed following a weeklong halt as the exchange investigated a glitch. The London Metal Exchange said it had to pause trading to investigate a “system error” that let the price fall below a lower daily limit.
