TIN LME

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
08:00 A.M- 02:00 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

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

Product infomation

Introduce

Tin is a chemical element in Mendeleev's Periodic Table of Chemical Elements. It has the symbol Sn and atomic number 50. Tin is silver in color, has a low melting point (232 °C), is very difficult. When oxidized, tin is resistant to corrosion at ambient temperature and is also found in many alloys. Because of their anti-corrosion properties, it is also common to coat or plated easily oxidized metals to protect them as a surface coating, as in iron plates used for food storage. Ordinary tin is mined and recovered from cassiterite ore, in the form of oxide. Tin is a major ingredient in making tin-bronze alloys.

Characteristics

Tin is a chemical element in Mendeleev's Periodic Table of Chemical Elements. It has the symbol Sn and atomic number 50. Tin is silver in color, has a low melting point (232 °C), is very difficult. When oxidized, tin is resistant to corrosion at ambient temperature and is also found in many alloys. Because of their anti-corrosion properties, it is also common to coat or plated easily oxidized metals to protect them as a surface coating, as in iron plates used for food storage. Ordinary tin is mined and recovered from cassiterite ore, in the form of oxide. Tin is a major ingredient in making tin-bronze alloys.

Exploit

Production and export

Factors affecting the price of TIN

* Supply from major mining countries
* Demand from countries with developed industry
* Mine reserves, mining productivity

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