Source: London Metal Exchange Network /LME Chinese Network

Like copper, tin is one of the earliest metals mined by human beings. Its excellent quality and bright surface make it a hot commodity.

At present, tin is used to produce bronze, tin carbon and die-casting alloys. In modern engineering technology, tin can make tungsten easier to manufacture. However, tin is mainly used for solder production and tin plating (bringing attractive surfaces to steel products).

Like copper, tin is one of the metals traded by LME from 1877. The standard tin contract began to appear in 19 12, but was suspended in 1985 after the tin crisis, and resumed in 1989. Since then, LME contract has become an internationally recognized hedging tool and provides reference prices for forward transactions for the industry.

LME Tin Futures Contract Description (Tin: Tin, code: SN/SND)

Trading variety: tin with purity above 99.85%

Trading unit: 5 tons/lot (error range 2%)

Trading time: 9: 00 am Beijing time on the trading day-3: 00 am the next day (winter time; Summer will be advanced 1 hour),

Continuous online electronic transactions (LME selected transactions) can be conducted through our J-Trader platform.

Delivery grade: 1 tin ingot /2 tinplate, weight 12-50kg.

From March 29th, 2004, the weight of tin ingots shall not be less than12kg and not more than 30kg.

Delivery date: any trading day within three months (positions can be opened two trading days before the spot date).

Every Wednesday is from 3 months to 6 months.

The third Wednesday of each month is from 7 months to 15 months.

Quotation unit: USD/ton

Lowest price fluctuation: USD 5/ton (USD 25/batch)

Settlement currency: USD, JPY, GBP and EUR.

Attachment: LME official tin futures and tin option contracts, as well as margin requirements and other details:

Please consult the London metal exchange network.