Copper LME

Trading Screen Product Name Copper LME
Commodity Code LDKZ / CAD
Contract Size 25 ton / lot
Price Quotation USD / ton
Contrac Type 3-Month
Contract Series Listed daily
Trading Hours Monday – Friday

07:00 A.M – 01:00 A.M (the next day)

Minimum Price Fluctuation 0.50 USD / ton
Maturity Day 90 days forward the listed day
Last Trading Day One business day prior to Maturity Day
Margin As MXV required
Position Limit As MXV required
Price Limit As MXV required
Settlement Method Deliverable
Quality Standards Standards are detailed below

Grade A copper must conform to the chemical composition of one of the following standards:

  1. BS EN 1978:1998 – Cu-CATH-1
  2. GB/T 467-2010 – Cu-CATH-1
  3. ASTM B115-10 – cathode Grade 1

Deliverable under the shape of Cathodes, with a tolerance of +/-2%.

All copper deliverable against LME contracts must be of an LME-approved brand.

Quality: BS EN 1978:1998 Copper Cathodes (Cathode grade designation Cu-CATH-1) 

Element Composition, % maximum
Cu
Ag 0.0025
As 0.0005(1)
Bi 0.00020(2)
Cd (1)
Co (3)
Cr (1)
Fe 0.0010(3)
Mn (1)
Ni (3)
P (1)
Pb 0.0005
S 0.0015(4)
Sb 0.0004(1)
Se 0.00020(2)
Si (3)
Sn (3)
Te 0.00020(2)
Zn (3)
Sum of elements listed in this table class=’uk-table’ other than Cu 0.0065
  1.     (As + Cd + Cr + Mn + P + Sb) maximum 0.0015%
  2.     (Bi + Se + Te) maximum 0.0003%, hoặc (Se + Te) maximum 0.00030%
  3.     (Co + Fe + Ni + Si + Sn + Zn) maximum 0.0020%
  4.     The Sulphur content shall be determined on a cast sample

Quality: GB/T 467-2010 Copper Cathode

(High-Purity Copper Cathode (Cu-CATH-1) 

Element Group Impurity Element Content, not more than Total content of element group, not more than
1 Se 0.00020 0.00030 0.00030
Te 0.00020
Bi 0.0020  
2 Cr 0.0015
Mn
Sb 0.0004
Cd
As 0.0005
P
3 Pb 0.0005 0.0005
4 S 0.0015 0.0015
5 Sn 0.0020
Ni
Fe 0.0010
Si
Zn
Co
6 Ag 0.0025 0.0025
Where the total content of the impurity elements listed 0.0065

 Quality: ASTM B115-10 Standard Specification for Electrolytic Copper Cathode (Cathode Grade 1) 

Element Composition, % maximum Group Total, % maximum
Se 0.0002 0.0003
Te 0.0002
Bi 0.00010
Sb 0.0004  
Pb 0.0005  
As 0.0005  
Fe 0.0010  
Ni 0.0010  
Sn 0.0005  
S 0.0015  
Ag 0.0025  
Maximum allowable total 0.0065  

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