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CME Group launches global physically delivered lead futures- THE 17th Guangzhou International Platemetal, bar, wire, metal processing & setting equipment exhibition
10/16/2015 platemetal expo |
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CME Group has launched a new global physically delivered Lead futures contract with delivery locations available in the US and Europe. The new contract will be available for customer trading as of November 23rd, pending the usual regulatory review periods. The new futures will add to the exchange’s physical and financially settled base metals products, including zinc futures and premium futures, introduced earlier this year.
The contract will be available for trading electronically via CME Globex, as well as submission for clearing through CME ClearPort and will be listed by and subject to the rules of COMEX. The exchange says the new futures are expected to provide greater transparency and price discovery "We''re confident lead futures will become a price reference for global lead industry participants and provide them with the transparency they need to more effectively manage their price risk." explains Derek Sammann, senior managing director and global head of commodities and options products, at the derivatives exchange.
Lead futures will be priced in US dollars and will represent 25 metric tons of physical material, beginning with the February 2016 listed month. The futures contract will be physically delivered in approved warehouses in Europe and the US.
At present, BTG Pactual Commodities Warehousing (UK) Ltd.; Henry Bath B.V.; Henry Bath LLC; C. Steinweg (Baltimore) Inc.; C. Steinweg – Handelsveem B.V.; Pacorini Metals USA LLC; Worldwide Warehouse Solutions LLC and Worldwide Warehouse Solutions UK Ltd. have applied to become exchange-approved warehouses for the storage and delivery of physical lead. The warehouse locations include Rotterdam, The Netherlands; Antwerp, Belgium and Bilbao, Spain in Europe, as well as the Baltimore, Chicago, Detroit, New Orleans and Owensboro regions in the US.
金屬板材展-棒材展-線材展-金屬加工展-2016第十七屆廣州國際金屬板材、棒材、線材及金屬加工、配套設備展—全球三大金屬展之一巨浪展覽
- THE 17th Guangzhou International Platemetal, bar, wire, metal
processing & setting equipment exhibition
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