Aluminum futures contracts.

Delivery takes place by the transfer of ownership of the metal warrant, at the settlement price on set by the exchange on the day the seller provides the notice of intent. The amount of metal in a bar can vary from bar to bar. Whilst a futures contract is for a standardized amount of metal (e.g. 25,000 pounds for the Copper futures contract ...Invesco DB Base Metals Fund. ( NYSEMKT:DBB ) $169.3 million. An ETF focused on metal futures contracts. 1. SPDR S&P Metals & Mining ETF. The SPDR S&P Metals & Mining ETF seeks to provide investors ... 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. Contract code. AH. Underlying metal. High grade primary aluminium. Lot size. 25 tonnes. Prompt dates. Daily: out to 3 months Weekly: 3 out to 6 months Monthly: 7 out to 123 months.Shanghai Futures Exchange (SHFE) - SHFE Aluminium. This page lists all futures symbols for the selected exchange. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. It also provides a total for Daily Volume and Open Interest.Nov 7, 2023 · Having another Aluminum futures contract can be beneficial to the overall market. Aluminum futures operate on a monthly futures structure, with contracts settling on the third last business day of the... Futures contract size for Aluminum is 25 metric tons. Load out requirements (2% of total ...

Oct 31, 2022 · What are aluminium futures, and what is the outlook for the market?Here we take a look at what factors are driving the price. Aluminium futures explained. Aluminium futures are derivatives contracts under which the buyer agrees with the seller to take delivery of a specified quantity of aluminium metal at a fixed price on a set date in the future. OptionsTAPOSMonthly Average FuturesTrade at settlementHKEX London MinisLMEminis. 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 ...Aluminum Futures. The value of a $ /pound price move on this contract = Calculate. CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets ...

Cobalt futures ADV also saw a considerable increase. The Aluminum futures are listed by COMEX and regulated by CME Clearing. Noteworthy is the occurrence of days with over 10,000 contracts traded.

A car company needs to buy 856 metric tons of aluminum in 6 months. It has decided to use futures contracts on aluminum to hedge its position. Each aluminum futures contract covers 25 metric tons. The spot price of aluminum is $1,592 per ton, while the futures price for delivery in 6 months is $1,758 per ton.Read the full article. 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. Beyond this, the LME price increasingly reflects the value of responsibly sourced metal.15 Aug 2011 ... SHFE aluminum futures trade on the Shanghai Futures Exchange (SHFE). The contract has been trading since 1991, making it one of the oldest ...In June, the automobile manufacturer buys 1,000 metric tons of Aluminum from the producer at $3,600 per metric ton, and simultaneously sells 40 June COMEX Aluminum futures contracts at $3,717. The increase in cost of the underlying is offset by the increase in the price of the futures, as the price of the underlying commodity drives the price ...

A company can decide to bear these risks, or take a more active approach and manage them. This “risk management” can incorporate the use of physical or financial hedges. Physical hedging involves the pricing of bought or sold physical material to match the pricing of future production and sales. This is called “back-to-back” pricing.

Now live: Take a position on daily futures price moves in over 11 major global markets, all with predefined risk. ... Tap into the liquidity of our benchmark Copper contracts and rapidly growing Aluminum contracts. Trade in orderly, fair markets Dynamic circuit breakers, position limits, twice daily mark-to-market, oversight by CME Clearing ...

Apr 26, 2022 · 26 Apr, 2022, 04:00 ET. CHICAGO, April 26, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch an option contract on its physically ... With each LME Aluminum futures contract covering 25 tonnes of aluminum, the aluminum mill will be required to go long 100 futures contracts to implement the hedge. The effect of putting in place the hedge should guarantee that the aluminum mill will be able to purchase the 2,500 tonnes of aluminum at USD 1,500/ton for a total amount of USD …Global Aluminum Futures (ALI) are also off to a strong start this year, with ADV month-to-date currently at 3,096 contracts, up 85% from full-year 2022 ADV. Copper Options and Aluminum Futures are listed by and subject to the rules of COMEX.Nov 2, 2022 · At that point the merchant was able to remove the futures hedge, and subsequently buy 1,200 COMEX Aluminum futures for contract month Nov-22 at a price of $2,304.25. Despite the price of aluminum decreasing by over $1,200 per metric ton between the initial delivery to the merchant and the sale to the client, the merchant was able to protect the ... Chicago's CME is looking to muscle in on territory dominated by the London Metal Exchange by offering a physically-delivered aluminum futures contract to rival the LME's own flagship product.Invesco DB Base Metals Fund. ( NYSEMKT:DBB ) $169.3 million. An ETF focused on metal futures contracts. 1. SPDR S&P Metals & Mining ETF. The SPDR S&P Metals & Mining ETF seeks to provide investors ...Aluminum futures: Investors can also trade aluminum futures contracts on Indian commodity exchanges, such as the National Commodity and Derivatives Exchange (NCDEX).

Now live: Take a position on daily futures price moves in over 11 major global markets, all with predefined risk. ... Tap into the liquidity of our benchmark Copper contracts and rapidly growing Aluminum contracts. Trade in orderly, fair markets Dynamic circuit breakers, position limits, twice daily mark-to-market, oversight by CME Clearing ...Contract code: AA: Underlying metal: A380.1, 226 or AD12.1 aluminium alloy: Lot size: 20 tonnes: Contract months: Monthly out to 27 months: Underlying contract: LME Aluminium Alloy futures - the average of the Cash prompts for each business day of the contract month: Price quotation: US dollars per tonne: Clearable currencies: US dollars ...ALI, the global benchmark Aluminum futures contract, often trades nearly 1,000 contracts a day. Price hedging and simple, monthly contracts Tailor exposure with choice of the global benchmark contract, regional-specific offerings as well as duty-paid contracts, in a straightforward monthly design. Nearly 24-hour market access Contract Name Settlement Date Price Change % Change; ALIZ23.CMX: ... Aluminum Futures,Apr-2024: 2208.75 1:21PM EST +4.75 +0.22%: ALIK24.CMX: Aluminum Futures,May-2024: 2224 11:42AM EST +8.25 +0.37%: The SHFE offers trading of nonferrous metals, including aluminum, zinc, tin and nickel. Between Shanghai, New York and London, traders can work every part of a 24-hour period to access futures contracts. Ways to Trade Aluminum. There are four main ways to trade aluminum: 1. Aluminum Futures

Shanghai Futures Exchange (SHFE) - SHFE Aluminium. This page lists all futures symbols for the selected exchange. Each futures symbol shows all of the open contracts with the Contract Name and Month, Last price, Change, Open, High, Low, Volume and Open Interest. It also provides a total for Daily Volume and Open Interest.Find the latest Aluminum prices and Aluminum futures quotes for all active contracts below.

Oct 9, 2023 · September was a record month for Lithium Hydroxide futures, with over 3,200 contracts traded and open interest surpassing 7,000 contracts for the first time. Aluminum (ALI) futures are listed by ... The Multi Commodity Exchange (MCX) has announced the launch of Mini futures contracts in the following commodities: Commodity. Contract Launch date. Symbol. Lot Size. Contract Details. Zinc. February 17, 2023. ZINCMINI.An aluminum futures contract is a standardized agreement between a buyer and a seller to exchange a specified amount of aluminum at a predetermined price and date in the future. The price of aluminum futures is influenced by a number of factors, including supply and demand, global economic conditions, and geopolitical events. 3 Jun 2014 ... Aluminum, which was a popular futures contract to trade, was at the time in deep contango, a situation in which its future price was far higher ...LONDON, July 19 (Reuters) - The London Metal Exchange (LME) launched six new cash-settled futures contracts on Monday, including for battery metal lithium and aluminium scrap. The world's oldest ...Feb 1, 2023 · The aluminum market continues to take steps to establish an alternative as CME Group’s Aluminum futures have hit the ground running in 2023. Average daily volume (ADV) of 3.2K contracts and open interest (OI) of 1,968 contracts as of January 23. LME Copper. 8464.50 0.58%. 3-month Closing Price (day-delayed) Contract specifications. Related links. LME AluminiumLME Aluminium AlloyLME Aluminium premiumsLME NASAACLME NickelLME TinLME Zinc. Sustainability Spotlight - October 2023: Read all about the sustainability highlights from LME Week, the latest developments on …KMET tracks the Bloomberg Electrification Metals Index, composed of futures contracts on aluminum, copper, nickel, zinc, cobalt, and lithium. From Electric Vehicles (EVs) and batteries to renewable energy infrastructure, the metals exposures within KMET are experiencing strong demand from a range of electrification uses.The London Metal Exchange publishes, via LME.com, three reports showing daily, average, per contract and per metal volumes. These are published daily, monthly and annually. Delayed volume data is also available by metal and LME licensed data vendors display real-time volumes. Daily volume reports are available on the website by close of ...Record Aluminum futures ADV of 8,447 contracts; Gold options ADV increased 33% to 65,000 contracts; International ADV increased 29% to 8.0 million contracts; Micro Products ADV. Micro E-mini Equity Index futures and options ADV of 2.0 million contracts represented 32% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 5.1 ...

financial markets in notional value. According to the LME, daily volume for LME aluminum futures averages 200,000 contracts per day. 3. Based on COMEX data submitted to the CFTC, the average daily volume across all of COMEX’s aluminum futures for the calendar month May 2021 was 1,088 contracts per day. The CFTC’s Authority

See the list of commodity futures with price and percentage change for the day, trading volume, open interest, and day chart

E-Mini Nasdaq 100 Index Continuous Contract. $16,052.00. 43.25. 0.27%. HRN00 | A complete HRC Steel Futures Continuous Contract futures overview by MarketWatch. View the futures and commodity ...At that point the merchant was able to remove the futures hedge, and subsequently buy 1,200 COMEX Aluminum futures for contract month Nov-22 at a price of $2,304.25. Despite the price of aluminum decreasing by over $1,200 per metric ton between the initial delivery to the merchant and the sale to the client, the merchant was able to protect the ...Oct 9, 2023 · Cobalt futures ADV year-to-date through September was up 174%. September was a record month for Lithium Hydroxide futures, with over 3,200 contracts traded and open interest surpassing 7,000 contracts for the first time. Aluminum (ALI) futures are listed by and subject to the rules of COMEX. Get instant access to a free live streaming Aluminium chart.KMET tracks the Bloomberg Electrification Metals Index, composed of futures contracts on aluminum, copper, nickel, zinc, cobalt, and lithium. From Electric Vehicles (EVs) and batteries to renewable energy infrastructure, the metals exposures within KMET are experiencing strong demand from a range of electrification uses.Jan 19, 2023 · Global Aluminum Futures (ALI) are also off to a strong start this year, with ADV month-to-date currently at 3,096 contracts, up 85% from full-year 2022 ADV. Copper Options and Aluminum Futures are ... The contract symbol is AX (the benchmark Aluminum futures contract is ALI). Trading terminates on the 4th last business day of the month prior to the contract month. Yes, the Aluminum option contract is available for block trading and clearing via CME ClearPort. Jan 25, 2022 · The underlying index represents one aluminum futures contract that is continually rolled over into the next nearby trading month. The fund has an investor fee rate of 0.45% per year. Since this is ... Mar 8, 2023 · European 5083 plate increased sharply by 8.83%, leaving prices at $5828.22 per metric ton. Chinese aluminum bar fell in price by 3.02%. Prices at month’s start sat at 2877.11, however, the cost ... ALUMINIUM Contract Details (2023-12-29) Exchange: MCX. Symbol. ALUMINIUM. Contract Start Date. 2023-08-04. Last Trading Date. 2023-12-29. Lot Size. 5. Tick Size. 5. Symbol ... This is the minimum amount which is required to buy "x" number of lots of a particular commodity to trade in futures market.

Share this article. CHICAGO, March 2, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that participation in Aluminum futures is off to a strong start ...Aluminum Futures Product Symbol ALI Venue and Hours (All Times are New York Time/ET) CME Globex CME ClearPort Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break ... Aluminum Futures Contract Specifications Author: CME GroupAluminum metal spot prices, on the other hand, are around $1.03 per pound in Nov, 2023. Daily Metal Spot Price reports that aluminum prices for Nov 2023 are between $1.0287 and $1.0374. Investing.com also lists live Aluminum prices but by the ton this time, with an average of $2,213.65 per ton. Markets Insider notes that the price of aluminum ...Nov 30, 2023 · Aluminum is a light metal with special chemical and physical properties. It is lightweight, hard, and has good ductility and malleability, electrical and thermal conductivity, as well as heat and radiation resistance. It is a vital raw material widely used in the architecture, transportation, and packaging industries. Futures. Instagram:https://instagram. bgttd stockai software for tradingani resorthtgc stock dividend Aluminum MW U.S. Transaction Premium Platts (25MT) Average Price Option. 1189. Aluminum MW U.S. Transaction Premium Platts (25MT) Futures. 1190. Copper Financial Futures. 1191. Copper Average Price Option. CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options … auto insideratlantic lithium stock Each physically deliverable CME contract represents 25 metric tonnes, and by the calculation, about 79,025 metric tonnes of aluminium traded on the CME's futures market in February. fang stock price today The LME’s aluminium futures contracts are considered the global benchmark. Traders can exchange contracts for daily periods out to three months, weekly out to six months or monthly contracts with …ALIX24. Nov 2024. $0.00. $0.00. 0.00%. Get the latest Aluminum (ALIW00) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and ...