LME in 145! Global industrial metal trading center! -1877, some metal traders set up the London metal exchange and established standardized trading methods.
202 1, the amount of metal traded through LME reached 65.438+0.45 billion lots, equivalent to the nominal value of 654.38+0.5 trillion US dollars and 3.5 billion tons, and the open contract reached 26.5438+0 million lots.
Main market customers: manufacturers, consumers, metal traders and wholesalers.
LME trading goods
LME is the trading and pricing center of global industrial metals. Participants can buy and sell metals and index products, such as futures, options, average price options, monthly average futures and LME small futures contracts.
LME membership
Member of London Metal Exchange:
1. insider trading -RDM (insider trading member)
2.ABCM joint brokerage settlement member
3. Association clearance
4. Brokers' Association
5. Lenovo trade
6.7. Only for individuals and honorary members
LMEprecious
Registered Intermediary Broker (Rib)
At present, LME has 9 full members. Because the exchange is officially traded in a circle, it is called a member of the circle.
Inner ring member:
Combined metal trade limit/amount
CCBIGlobalMarkets (UK) Limited /MDT
SigmaBrokingLimited/SIG
StoneXFinancialLtd/IFC
GFFinancialMarkets (UK) Limited /GFM
Marex finance /MFL
SucdenFinancialLimited/SFL
SNC general international limited
emergency department
LME does not own or operate warehouses, but is operated independently by different warehousing companies. They provide warehouses for warehouse receipt holders to store goods and earn rental income from them. LME only sets the upper limit of rent.
Seller's rights of warehouse receipts;
Minimum daily outbound quantity;
Inventory = registered warehouse receipt+cancelled warehouse receipt
Storage, inventory increase, registered warehouse receipt increase; Issue, inventory reduction, cancellation of warehouse receipt reduction;
When the cancellation of warehouse receipts increases, the registered warehouse receipts decrease correspondingly, and the inventory remains unchanged, which means that the willingness to take delivery increases;
report
Futuresbanding Futures Large Position Report
Warranty Binding Large Warehouse Receipt Report
According to the centralized report of warehouse receipt and the centralized report of forward contract position, combined with the change of position, inventory and lme premium, the short delivery ability can be judged.
Commitmentsoftraders(COTR) Dealer Status Report
In order to reflect the nature of the main business activities that LME members and their customers participate in, the following categories are used: investment companies or credit institutions, investment funds, other financial institutions and commercial enterprises. It is posted on LME website every Tuesday, reflecting the position at the close of last Friday.
Upper or lower limit
LME announced that from March 15, the daily price fluctuation range of metal contracts (except nickel futures) will be restricted, that is, the maximum daily price fluctuation range of metal contracts is15% of the closing price of the previous trading day; Judging from the resumption of trading, the maximum daily fluctuation of nickel varieties is at least 5%, and will continue to be reviewed and adjusted according to the situation. Subsequently, the price of nickel is limited to 5%-8%- 12%- 15%, which is consistent with other metal contracts at present.