LME Aluminium Official Prices
| Contract | Bid | Offer |
|---|---|---|
| 3-month | 3265.00 | 3266.00 |
| Dec-23 | 3130.00 | 3135.00 |
| Dec-24 | 3035.00 | 3040.00 |
| Dec-25 | 2910.00 | 2915.00 |
Similarly What is current price of aluminum?
| Scrap Metal | Scrap Price | Updated Price Date |
|---|---|---|
| Copper National Average | $3.65/lb | Updated 04/18/2022 |
| Steel National Average | $294.00/ton | Updated 04/18/2022 |
| Aluminum National Average | $0.74/lb | Updated 04/18/2022 |
What is the cost of 1kg aluminium? Aluminium futures up on spot demand | News
On the Multi Commodity Exchange, aluminium contracts for the August delivery gained Rs 1.15, or 0.56 per cent, to Rs 207.90 per kg in a business turnover of 3,267 lots.
Additionally, What is the price of aluminum 2021?
According to the World Bank, the aluminum price will increase to $2,000 per metric ton (t) in 2021, a 17% rise from an average of $1,703/t in 2020, and experience moderate growth to $2,050/t in 2022.
How do you read LME price?
So Monday’s cash price (the price that is being traded on the Monday) refers to the Wednesday delivery date, whereas Friday’s cash price refers to the following Tuesday. The delivery date of any LME contract, by which time either the position must be closed or a delivery will take place, is known as the prompt date.
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 LME cash? 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 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 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 is the current LME price for copper? LME Copper Closing Prices
| Contract | Price |
|---|---|
| 3-month | 10315.00 |
| Month 1 | 10297.50 |
| Month 2 | 10303.50 |
| Month 3 | 10310.25 |
What is LME and how it works?
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 calculate copper from LME? Copper Calculation
- copper weight [kg / km] x ( ( medium DEL [EUR / 100 kg] + 1 % procurement costs ) – copper base [EUR / 100 kg] ) / 100. = copper surcharge [EUR / km] …
- 9.60 [kg / km] x ( ( 590.00 [EUR / 100 kg] + 5.90 [EUR / 100 kg] ) – 150.00 [EUR / 100 kg] ) / 100. = 42.81 [EUR / km] …
- Copper Weight. …
- DEL. …
- Copper Base.
What is the copper price today?
Copper Price Today
| Copper Spot Price | Spot Change | |
|---|---|---|
| Copper Price per Pound | $4.73 | 0% |
| Copper Price per Ounce | $0.30 | 0% |
| Copper Price per Ton | $9,460.00 | 0% |
Is gold traded on LME?
Offering daily and monthly futures for both gold and silver, LMEprecious delivers greater choice for market participants, modernising the gold and silver markets to better reflect the needs of global players in precious metals markets.
How much is 50kg of gold worth? AdvertisementGold Price Per Ounce in US Dollar
| Kilo | US Dollar | Kilo |
|---|---|---|
| 25 Kilo = | 1587282.4 USD | 0.00039 USD |
| 50 Kilo = | 3174564.7 USD | 0.00079 USD |
| 100 Kilo = | 6349129.4 USD | 0.00158 USD |
| 1000 Kilo = | 63491294.3 USD | 0.01575 USD |
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What is the rate of 1 kg gold in India? Gold Price Today in India in Indian Rupee (INR)
| Unit | Rupees (INR) |
|---|---|
| 1 kg 24K | 5,394,000 |
| 1 g 24K (99.5%) | 5,367 |
| 1 g 22K | 5,043 |
| 8 g 22K | 40,344 |
What are LME contracts?
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 third Wednesday? 3rd Wednesday contracts are the monthly dates in the LME’s prompt-date structure which expire on the third Wednesday of the month. They are the contracts most frequently used by participants in order to carry open positions between trading days, much like a standard “monthly” contract.
What is LME business?
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.
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.
What price is copper today?
Futures Overview
| Metals | Last | Chg % |
|---|---|---|
| Gold Continuous Contract | $1,953.50 | 0.41% |
| Silver Continuous Contract | $25.150 | 1.32% |
| Copper Continuous Contract | $4.6620 | -1.33% |
Will copper prices go up in 2021? Copper had a nice ride in 2021. After a stomach-churning 2020, the red metal went on to rebound sharply in 2021, hitting an all-time high of $10,512 per metric ton on May 9, 2021 – an increase of 130% compared to March 2020’s pandemic lows.
What is the price of copper today UK? Scrap Metal Prices in the UK
| Metal | Price per Kilo |
|---|---|
| Copper 1 | £3.65 – £4.03 |
| Copper 2 | £3.47 – £3.84 |
| Copper Tanks | £3.41 – £3.77 |
| Braziery Copper | £2.95 – £3.26 |
Is LME closed today?
† Indicates the market is closed on a different date than the actual holiday.
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2022 London Metal Exchange Market Holidays (9)
| Holiday | Date | Status |
|---|---|---|
| Boxing Day | Tuesday, December 27, 2022 † | Closed 8 months from now |
