What is LME rate of copper?

LME Copper Closing Prices

Contract Price
3-month 10315.00
Month 1 10297.50
Month 2 10303.50
Month 3 10310.25

Similarly What is the copper rate 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%

What is the rate of 1 kg copper? Unit conversion for Copper Price Today

Conversion Copper Price Price
1 Ton = 1,000 Kilograms Copper Price Per 1 Kilogram 10.28 USD

Additionally, Is copper traded on LME?

Monthly Average Futures are financially settled LME futures contracts based on the Monthly Average Settlement Price (MASP) of the relevant metal.

More information.

Contract code CA
Underlying contract LME Copper futures – the average of the Cash prompts for each business day of the contract month

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 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.

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 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 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 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 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.

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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Does LME trade precious metals?

Participants can trade six different types of contract against a wide number of non-ferrous, ferrous, precious and EV metals on a choice of three platforms.

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 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 copper rate in India?

Copper Price Live

Last Price Change Low
75090 810.00 74270
74880 330.00 74680
74660 330.00 74400

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 LME prompt date? Weekly prompt dates usually fall on a Wednesday while monthly prompt dates are normally the third Wednesday of the month. Where these are altered due to bank or public holidays or other non-tradable dates an LME notice will be issued to provide a substitute prompt date and are noted on the trading calendar.

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.


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