Since 11th March the London Metal Exchange has launched 7 new cash-settled Futures products (compared to the well-known non ferrous metals, for these products there is no Ring in the afternoon, but a Closing price at the end of the day).
The new products are:
• LME Steel HRC North America (Platts)
• LME Steel HRC FOB China (Argus)
• LME ALuminium Premium Duty Paid US Midwest (Platts)
• LME Aluminium Premium Duty Unpaid European (MB)
• LME ALumina (CRU/MB)
• LME Cobalt (MB)
• LME Molybdenum (Platts)
It’s about Futures contracts whose underlying is an index acquired on the market by some specialized traders.
With these new products the LME wants to provide all operators listed instruments which make the market more transparent reducing potential losses and providing protection against price volatility.
Cell-Data has already set up the view of these new products, available in the inherent sections of the menu:
· Premiums of metals
· Cobalt/Molybdenum LME
· LME ALumina can be found in the link “LME Quotations”
Depending on the type of service one has, will be available real-time quotations, closing prices, and other connected pages which we are going to realize.
In the same time with the launch of these products the previous LME Molybdenum has been suspended, replaced by LME Molybdenum (Platts) which becomes the reference Futures for this metal.
To learn more about this matter click on the below link of detailed product description.
For further information and clarification do not hesitate to contact us!
We wish you a great trading!