QUALITY STANDARDS
In accordance with the regulations of Tin traded on London Metals Exchange (LME).
The Tin delivered under this contract must be:
1. BS EN 610:1996 specification – min 99.85% purity
2. In the shape of ingots weighing not less than 12 kilos and not more than 30 kilos.
3. Of brands listed in the LME approved list.
Quality: BS EN 610:1996 Standard Specification for Tin
Element |
Composition (%) |
|
Sn |
99.85 |
Minimum |
Al |
0.0010 |
Maximum |
As |
0.030 |
|
Bitmut |
0.030 |
|
Cd |
0.0010 |
|
Cu |
0.050 |
|
Fe |
0.010 |
|
Pb |
0.050 |
|
Antimon |
0.050 |
|
Zn |
0.0010 |
|
Total |
0.150 |
CONTRACT SPECIFICATION
Trading Screen Product Name |
LME Tin |
Commodity Code |
LTIZ / NID |
Contract Size |
5 tons / lot (± 2%) |
Price Quotation |
USD / ton |
Contract type |
3-month |
Contract Series |
Daily |
Trading Hours |
Monday - Friday 07:00 A.M - 01:00 A.M (the next day) |
Minimum Price Fluctuation |
5 USD / ton |
Prompt date |
Out to 3 months |
Last Trading Day |
Up until the close of the first Ring the day before the prompt date |
Margin |
As MXV required |
Position Limit |
As MXV required |
Price Limit |
As MXV required |
Settlement Method |
Deliverable |
Quality Standards |
Standards are detailed below |