also licenses The London Metal Exchange to use Platts Steel Rebar FOB Turkey, Platts TSI Scrap HMS 1/2 80:20 CFR Turkey, Platts TSI HRC EXW US Indiana, Platts TSI HRC EXW Ruhr, Platts HRC SAE1006 FOB China , Platts Aluminum Transaction Premium DDP If duties are indeed imposed, it will be interesting to see if this moves the CME copper price and consequently, affecting the CME-LME copper arbitrage. Last LME business day of the contract month. LME Zinc. House traders, client traders and direct For these reasons, together with members and other market participants, the LME has identified the following 30-minute liquidity windows: 14. Cash, 3-month and one forward December prompt: LME Aluminium Alloy and LME NASAAC. 5 trillion. Following termination of trading for a contract month, final settlement will be based on the Carries. 45 and once in the afternoon starting at 14. 1. Sep 10, 2021 · The most recent report therefore reflects the reporting period whereby open positions were last reported for that metal. LME Closing Price @ $8055 for the prompt date of 30 September. 2402. 22, up $4/mt week on week. 5. Dec 24, 2021 · Weekly LME scrap futures trading volumes over the week to Dec. Elsewhere, the LME Indian shredded scrap contract, which settles basis the Platts CFR Nhava Sheva shredded scrap assessment, traded 150 mt on week to Sept. 00 Maximum $473. Mar 6, 2023 · LME scrap contract gains momentum. Understanding steel scrap and the new LME ferrous contracts Scrap represente. Mar 22, 2024 · LME Copper. Steel Scrap Futures - (SSCc1) London. All our contracts are designed to give those along the metal supply chain, as well as investment communities, the ability to hedge against or take on price risk. We offer these important real time prices such as scrap prices , LME copper and LME aluminum. $0. Futures contracts are an agreement to buy or sell a fixed amount of metal for delivery on a fixed future date at a price agreed today. Turkey is the largest global importer of scrap, importing over 17. S crap as a percentage of steel production costs, 2015As a proportion of costs, movements in scrap price. 1In certain circumstances, the cash-settled futures Index that is used as the Final Settlement Price for this cash-settled future may be known before the last trading date/time. LBMA Platinum and Palladium twice daily auction Carries. The most recent report therefore reflects the reporting period whereby open positions were last reported for that metal. Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining. Commitments of Traders Report - CA - 21 June 2024. How to use the LME Options Calculator Enter values into the calculator’s variable fields, which are futures price, strike, volatility, expiration month, expiration date, futures prompt data, options pricing date and the options premium. 3-month Closing Price (day-delayed) Contract specifications. 31604. The first such report was published in February 2023, covering January 2023 data. LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk. 00 Volume - Dec 2021 Lots 10,693 Tonnes 106,930 Volume - Year To date Lots Tonnes Prompt Month End of Month - Daily Settlement Volume End of Month MOI Dec 2021 $467. 2157. Add to Watchlist. This is a summary of the contract specifications. Ferrous LME Steel Scrap CFR Turkey (Platts) LME Steel Rebar FOB Turkey (Platts) LME Steel HRC FOB China (Argus) Historical data for cash settled futures View LMEselect 15-minute delayed bid-offer quotes for our ferrous contracts including steel scrap, rebar and FOB China HRC futures as well as the last traded prices from both LMEselect and the LME Steel Rebar FOB Turkey (Platts) 580. Learn more about the specifications for each price and view the trend of volatility by expanding each price (click More), or click through to the price landing page for a view of the tools available to subscribers. Files. Most near-term rebar futures contracts also saw losses over the week to Dec. Current and historical Lead prices, stocks and monthly averages. 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. 08%. 7 million tonnes in 2016, the equivalent of 20. 00 -2. Sep 23, 2022 · The daily outright spread between Turkish export rebar and import scrap was assessed at $325/mt Sept. 389. The LME has provided the physical metals community – those who make metal and those who make things out of metal – with a number of key services since 1877. 3 days ago · The London Metal Exchange (LME) is a futures and options trading exchange that operates the world’s largest marketplace for trading base metals. A buyer of an option pays a known premium, for unlimited potential upside. View daily activities in all forms of scrap metals, scrap metal prices, LME prices, Comex prices, Shanghai Metal Exchange prices, India Metal exchange prices, charts and historical data, as well as Peony’s copper scrap indexes used for contracts since 1993. Where there are no LME Closing Prices for a date as when there are only weekly Jul 8, 2022 · Near-term scrap futures contracts on the LME continued to see strong gains over the week to July 7. 30 London time for LME Steel Scrap CFR Turkey (Platts) - download a diary reminder. Parameters will be calculated daily, but usually updated monthly and published here. Current and historical Aluminium prices, stocks and monthly averages. Real-time or 30 minutes delayed non-ferrous, ferrous and aluminium premiums data. 13 Sept. 00 - 14. LME Steel HRC FOB China (Argus) 515. 23 totaled 31,360 mt, up from 22,300 mt recorded the previous week. With this information companies can react immediately on price fluctuations from the London Metal Exchange. The LME Options Calculator generates theoretical prices and Greeks for any of LME’s options contracts. The London Metal Exchange is the world centre for industrial metals trading. 4. Near-term rebar futures contracts also saw strong losses over the week to May 12 in line with scrap. 53%. We partnered with price reporting agency Fastmarkets to bring greater transparency to pricing for the lithium market and l ike all our EV trading tools, the lithium hydroxide contract was designed in close consultation with the EV and battery Steel Scrap Markets – a Bird’s Eye View. = (8400 - 8055) * 20 lots *25 tonnes (the contract size for copper) = $172,500 (variation loss) which will need to be placed with LME Clear. Contract code. The week also saw highest daily volumes traded on Aug. As the EV revolution picks up pace, predicted demand for copper is set to grow by nine to ten times by 2030*. 16. Daily settlement procedure. 50/mt to $405/mt, according to S&P Global Commodity Insights. LME Steel Scrap CFR India (Platts) LME Clear provides clearing and settlement services for users of the London Metal Exchange on all Ring, electronic and Mar 15, 2024 · commitments of traders reports. Commitments of Traders Report - ZS - 05 July 2024. S&P Global Platts, a division of S&P Global Inc. Find out more. Sep 24, 2021 · Weekly LME scrap futures trading volumes over the week to Sept. LME Aluminium Alloy. All files are published in XLSX format. The majority of non-ferrous, on-exchange trading is conducted on our markets. Brass/Bronze prices. For LME Aluminium UBC Scrap US (Argus) Futures this number is 0. Risk 24 017 LME Clear Margin Parameters June 2024 (XLSX) Risk 24 015 LME Clear Margin Parameters May 2024 (XLSX) Risk 24 013 LME Clear Margin Parameters April 2024 ad-hoc (XLSX) Jun 17, 2024 · Steel Scrap Futures historical prices: closing price, open, high, low, change and %change of the Steel Scrap Futures for the selected range of dates. Aug 5, 2022 · Weekly LME scrap futures trading volumes over the week to Aug. Current and historical Zinc prices, stocks and monthly averages. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LME Steel Scrap CFR India (Platts) Futures shows that traders are closing their positions, which means a weakening trend. 2560. Current and historical Tin prices, stocks and monthly averages. Most near-term rebar futures contracts also saw big falls over the week to April 28. Jul 19, 2021 · The London Metal Exchange (LME) is today pleased to announce the launch of six new cash-settled futures – including lithium hydroxide, steel scrap and aluminium scrap contracts – offering pricing and risk management solutions for metals that support the electric vehicle (EV) transition and circular economy. Near-term rebar futures contracts also saw strong gains on the week to Aug. Final settlement pricing procedure 1. S&P Global Commodity Insights' Platts assessed the May contract $49. High grade primary aluminium. 1 day ago · The LME is the world centre for the trading of industrial metals. More than 1 million metric tons of ferrous scrap were traded via a single London Metal Exchange The auctions for both platinum and palladium take place twice daily, once in the morning starting at 09. Realised variation margins applied. over 60% of the conversion costs of a typical EAF in 2015. 09%. Exchange. 1. Where: LMEselect LME Aluminium. This report includes a wealth of data and provides commentary on May 13, 2022 · Weekly LME scrap futures trading volumes over the week to May 12 totaled 86,510 mt, down from 125,600 mt last week. The notional average price (NAP) is made up of known LME Official Cash Settlement prices and LME Closing Prices taken from each of the prompt dates for the pricing period. 00. 00 0. Tradeable out up to 63 months (depending on metal) LME options can be exercised any time up to and including the expiry date (American style). In these circumstances, it will be Steel Scrap Markets – a Bird’s Eye View. 00 2,684 1,448 Feb 2022 $460. 00 - 16. Month 2 Closing Price (day-delayed) Contract specifications. Jul 11, 2024 · For these reasons, together with members and other market participants, the LME has identified the following 30-minute liquidity windows: 14. Understanding steel scrap and the new LME ferrous contracts (PDF) LMEpassport, a key component of the LME’s drive for a more sustainable future, is a new system that does away with paper certificates of analysis and provides the market with a new voluntary register of a metal’s sustainability credentials. For near-term rebar futures, the contango structure of the September-October portion of the forward curve softened further on the week, continuing to suggest that LMElive is the LME's own data application, providing customers with key LME pricing, information and tools for metals traded on the London Metal Exchange in addition to LBMA Platinum and Palladium auction pricing. One of the first metals to trade on the LME in 1877, our copper market remains the largest in the world in terms of recorded volume and open interest – 65% of the global open interest in copper sits within LME Copper positions. The Physical services. 25 tonnes. Following termination of trading for a contract month, final settlement will be based on the “Steel Scrap Markets – a Bird’s Eye View” is a new report commissioned by the London Metal Exchange, designed to give market participants a unique perspective on the highly fragmented and often opaque world of ferrous scrap markets. Commitments of Traders Report - CA - 05 July 2024. LMEselect. Cash, 3-month and 15-month: LME Tin, LME Steel Billet, LME Cobalt and LME Molybdenum. 62 1,369 Jan 2022 $462. LME Steel Scrap is cash settled, which means that at the expiry date outstanding contracts are settled against the Platts TSI HMS 1&2 (80:20) CFR Turkey index. 5% of the global scrap trade, from diversified sources across the globe. 00 (London time). Market data. 15. Prompt dates. The LME Group fees and charges document includes all transaction fees, subscription and facilitation fees, market data fees, LME Clear post-trade service charges, connectivity charges and all other LME charges. Please note that the COTR is only produced for metals which have open positions. Current and historical Aluminium Alloy prices, stocks and monthly averages. Underlying metal. 58%. 17%. 9386. 11 totaled 69,460 mt, down from 202,280 mt for the week ending Aug. Termination of trading. LMEbullion delivers fully automated price-display auctions. Trading. Metal Radar is a software developer Report Overview: “Steel Scrap Markets – a Bird’s Eye View” is a new report commissioned by the London Metal Exchange (LME), designed to give market participants a unique perspective on the highly fragmented and traditionally often opaque world of ferrous scrap markets. In any one purchase, the first five standard historical data reports cost $78, with any subsequent standard historical data reports thereafter costing $49 per report. AH. Contract types. 00 -4. As a “market of last resort” the LME enables producers and consumers to take delivery of metal in times of under-supply and make delivery in times of over-supply. This report includes a wealth of data and provides commentary on LME Steel Scrap is cash settled, which means that at the expiry date outstanding contracts are settled against the Platts TSI HMS 1&2 (80:20) CFR Turkey index. Country of origin refers to the location where the LME brand is produced. 01:00 - 19:00 London time. Commitments of Traders Report - SC - 05 July 2024. Margin parameter files are used by SPAN to calculate the initial margin. Commitments of Traders Report - SC - 12 July 2024. 01. LME Steel CFR India (Platts) Companies who are in the metal trading business are interested in real-time London Metal Exchange pricing. As of March 2017, the December 2018 CME Copper contract was priced 2% ($133/mt) above the same contract on the LME. LME Trading Operations will calculate daily settlement values based on its published procedures. Daily: out to 3 months Weekly: 3 out to 6 months Monthly: 7 out to 123 months. 30 London time for LME Steel HRC FOB China (Argus) - download a diary reminder. 00 3,205 1,376 Mar 2022 $453 Login Register here. Commitments of Traders Report - CA - 28 June 2024. 2 of 145,900 mt since the launch of the contract in late 2015. ** ** Off-Warrant Stock Reports are available Report Overview: “Steel Scrap Markets – a Bird’s Eye View” is a new report commissioned by the London Metal Exchange (LME), designed to give market participants a unique perspective on the highly fragmented and traditionally often opaque world of ferrous scrap markets. LME Closing Prices (also known as “Evening Evaluations”) are prices discovered through LMEselect trading activity that takes place during specific “pricing periods” towards the end of the trading day. Trading hours. The prices “discovered” for our physically settled non-ferrous contracts are used as the global reference and basis for physical trading, as well as in the valuation of portfolios, in commodity The LME has completed its review of the MiFID II texts in relation to Position Reporting and is publishing this document to provide guidance for Members and clients on the submission of daily position reports. 50/mt lower on the week to $801/mt. Inter-office telephone. The LME says the new futures have been designed to meet the needs of the metal and trading communities at a time of great change for the steel supply chain. LME Lithium Hydroxide CIF (Fastmarkets MB) 11850. Country of Origin Stock Data - June 2024 (XLSX) Country of Origin Stock Data - May 2024 (XLSX) Country of Origin Stock Data - April 2024 (XLSX) Mar 25, 2022 · Weekly LME scrap futures trading volumes over the week to March 24 totaled 38,110 mt, down from 74,250 mt last week. 26%. If the position has further variation margin losses they will also need to be paid to LME Clear. 4 totaled 202,280 mt, up from 70,410 mt on week, reaching highest trading volumes recorded since May 28, 2020, of 235,660 mt. 50 0. Platts assessed the July contract up $24. This report includes a wealth of data and provides commentary on 3 days ago · The LME is the world centre for the trading of industrial metals. 54%. Margining. The volume was the highest since week ending March 31. It includes daily and Monthly Average Settlement Prices (MASP) for cash, 3 months and up to three December prompts forward for all non-ferrous metals traded at the LME. The LME transacts about 176 million lots of metals annually, which equates to about $13. You can purchase the following historical data sets: *Historical data reports are priced per LME contract, per year per report type. Most of the world’s non-ferrous metals business is conducted on our three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. Copper. 00%. 29 Minimum $454. The Daily Prices and Monthly Averages Report is a comprehensive breakdown of non-ferrous prices discovered on the London Metal Exchange (LME). LME Steel HRC NW Europe (Argus) 679. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LME Aluminium UBC Scrap US (Argus) Futures shows that traders are closing their positions, which means a weakening trend. 00 -1. 09 0. 23 totaled 75,780 mt, up from 22,550 mt recorded last week, reaching its highest level since the week ending Aug. 23. LME Steel Rebar FOB Turkey (Platts) Please note that the COTR is only produced for metals which have open positions. Apr 29, 2022 · LME scrap futures trading volumes over the week to April 28 totaled 49,570 mt, up from 12,450 mt in the previous week, which was shorter due to Easter holidays. Lot size. Where: LMEselect Aug 12, 2022 · Weekly LME scrap futures trading volumes over the week to Aug. LME Group Fees and Charges (PDF) Nov 23, 2015 · The London Metal Exchange has launched two new ferrous contracts, LME Steel Scrap and LME Steel Rebar. The LME Official Settlement Price is the price at which all LME futures are settled. These prices are totalled and averaged over the number of business days in the calendar month. The new contracts are cash-settled against leading benchmark prices from Platts and LME Lead. Commitments of Traders Report - ZS - 28 June 2024. LME Steel Scrap Monthly Overview - Dec 2021 Front Month Average $465. Duties above 2% might then require a more significant move. Near-term rebar futures contracts also saw strong gains over the week to March 24, in line with scrap. Argus price assessments cover the most active trading regions for each commodity. For LME Steel Scrap CFR India (Platts) Futures this number is 0. LME Official Prices are used as the global reference for physical contracts. an have a major impact on a steel mill’s profitability. LME Closing Prices reflect the USD value of one metric tonne of the relevant metal and prompt date. 50/mt to $404/mt. For full contract specification details, please refer to the LME Rulebook and for other information, please refer to our disclaimer page. Currency in USD. Commitments of Traders Report - SC - 28 June 2024. Participants can access a broad range of data covering everything from key reference prices, like LME Official and Closing Prices, and multi-prompt tick data, to warehouse and stocks reports, and volumes and open LME Tin. LME Copper. Disclaimer. Report Overview: “Steel Scrap Markets – a Bird’s Eye View” is a new report commissioned by the London Metal Exchange (LME), designed to give market participants a unique perspective on the highly fragmented and traditionally often opaque world of ferrous scrap markets. 24 hours a day. “Steel Scrap Markets – a Bird’s Eye View” is a new report commissioned by the London Metal Exchange, designed to give market participants a unique perspective on the highly fragmented and often opaque world of ferrous scrap markets. Mar 22, 2024 · The most recent report therefore reflects the reporting period whereby open positions were last reported for that metal. 00 -0. We provide the metals and financial communities with a comprehensive range of market data to suit all user needs. 39%. This report includes a wealth of data and provides commentary on Contract specifications. Jul 22, 2022 · Weekly LME scrap futures trading volumes over the week to July 21 totaled 38,740 mt, down sharply from 178,730 mt for the week ending July 14. This report includes a wealth of data and provides commentary on Mar 15, 2024 · The most recent report therefore reflects the reporting period whereby open positions were last reported for that metal. The August contract gained $37/mt on week to $412/mt, while the September contract rose $34. Futures. The prices “discovered” for our physically settled non-ferrous contracts are used as the global reference and basis for physical trading, as well as in the valuation of portfolios, in commodity LME Steel CFR Taiwan (Argus) 348. Our unique prompt-date structure for physically settled contracts provides flexibility for the metal community to trade daily, weekly and monthly, mirroring physical Report Overview: “Steel Scrap Markets – a Bird’s Eye View” is a new report commissioned by the London Metal Exchange (LME), designed to give market participants a unique perspective on the highly fragmented and traditionally often opaque world of ferrous scrap markets. LME Steel CFR Taiwan (Argus) 348. July 2021 saw the launch of LME Lithium Hydroxide CIF (Fast Markets MB), the latest in our line of electric vehicle (EV) and minor metals futures. This report includes a wealth of data and provides commentary on LME Copper. July 2024: Steel Scrap Markets – a Bird’s Eye View The LME publishes a set of daily reference prices that are used the world over by industrial and financial participants for referencing, hedging, physical settlement, contract negotiations, margining and portfolio evaluations. . 11. The forward curve structure for near-term rebar futures contracts was unchanged in the week to July 21. Trading on the LME often surpasses global metal production by a factor of 40. This document should be read in conjunction with the documents listed in section. Commitments of Traders Report - ZS - 21 June 2024. Early 2023 has brought with it an uptick in activity for the LME Steel Scrap contract tied to Turkish buying. . This report includes a wealth of data and provides commentary on LME Steel Scrap CFR India (Platts) 420. “Steel Scrap Markets – a Bird’s Eye View” – is a report commissioned by the London Metal Exchange (LME), designed to give market participants a unique perspective on the highly fragmented and often opaque world of ferrous scrap markets. London Metal Exchange says its Turkish scrap contract crossed the 1 million tons threshold in February. Current and historical Copper prices, stocks and monthly averages. 2943. mix. Rebar. July 2024: Steel Scrap Markets – a Bird’s Eye View An option provides the right, but not the obligation, to buy or sell metal at set price, on a set date in the future. 50 $0. As soon as the platinum price is discovered, the palladium auction commences. Blast furnaces can also. Beyond this, the LME price increasingly reflects the value of responsibly sourced metal. vn aa cv gk la fe ie pk sd nb