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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 |
|
|
| 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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