QUALITY STANDARDS
In accordance with the regulations of Zinc traded on London Metals Exchange (LME).
The Zinc delivered under this contract must be:
1. Special high-grade zinc of 99.995% purity (minimum) must conform to the chemical composition of one of the following standards:
a. BS EN 1179:2003 - 99.995% grade
b. ISO 752:2004 - ZN-1 grade
c. ASTM B6-12 - LME grade
d. GB/T 470-2008 - Zn99.995 grade
2. In the shape of ingots weighing not more than 30 kilos.
3. Of brands in the LME approved list.
Quality: Zinc and Zinc Alloys – Primary Zinc
BS EN 1179:2003 (Grade Classification Z1)
Element |
Composition (%) |
|
Nominal Zinc Content |
99.995 |
|
Pb |
0.003 |
Maximum |
Cd |
0.003 |
|
Fe |
0.002 |
|
Sn |
0.001 |
|
Cu |
0.001 |
|
Al |
0.001 |
|
Total of all these elements, exclude Zn |
0.005 |
Quality GB/T 470-2008 Zinc Ingots (Zn99.995 grade)
Element |
Composition (%) |
|
Nominal Zinc Content |
99.995 |
|
Pb |
0.003 |
Maximum |
Cd |
0.002 |
|
Fe |
0.001 |
|
Sn |
0.001 |
|
Cu |
0.001 |
|
Al |
0.001 |
|
Total of all these elements, exclude Zn |
0.005 |
Quality: ASTM B6-12 Standard Specification for Zinc (LME Grade)
Element |
Composition (%) |
|
Zinc (min by difference) |
99.995 |
|
Pb |
0.003 |
Maximum |
Cd |
0.003 |
|
Fe |
0.002 |
|
Sn |
0.001 |
|
Cu |
0.001 |
|
Al |
0.001 |
|
Total of all these elements, exclude Zn |
0.005 |
Quality: ISO 752:2004 Zinc Ingots (ZN-1 Designation)
Element |
Composition (%) |
|
Zinc (min by difference) |
99.995 |
|
Pb |
0.003 |
Maximum |
Cd |
0.003 |
|
Fe |
0.002 |
|
Sn |
0.001 |
|
Cu |
0.001 |
|
Al |
0.001 |
|
Total of all these elements, exclude Zn |
0.005 |
Trading Screen Product Name |
LME Zinc |
Commodity Code |
LZHZ / ZDS |
Contract Size |
25 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 |
0.50 USD / ton |
Prompt date |
Daily: 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 |