Mondo Visione  May 7  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, today announced the first North American physically delivered Aluminum futures contracts were traded on Tuesday, May 6, by Macquarie Bank Limited, the executing...
Mondo Visione  Mar 18  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, announced today it will launch North American physically delivered Aluminum futures contracts to begin trading on May 5, 2014, pending all regulatory approvals.  This...
Market Intelligence Center  Dec 2  Comment 
Alcoa (NYSE: AA) opened at $13.82. So far today, the stock has hit a low of $13.71 and a high of $13.95. AA is now trading at $13.83, up $0.26 (1.93%). Over the last 52 weeks the stock has ranged from a low of $9.81 to a high of $17.60. AA shares...
Mondo Visione  Oct 26  Comment 
Tokyo Commodity Exchange, Inc. ("TOCOM") will suspend trading of the Aluminum futures contract as of the end of the day session on October 26, 2010. As TOCOM had announced in the press release dated November 17, 2009, a new contract...
Mondo Visione  Nov 17  Comment 
Tokyo Commodity Exchange, Inc. ("TOCOM" or the "Exchange") today announced that the Exchange is to suspend trading of the Aluminum futures contract in October 2010. When the existing back contract month, which is the October 2010 contract, reaches...
Metal Bulletin  Sep 18  Comment 
Fund buying remains the dominant force behind aluminum futures, which rallied nearly 7 percent over the course of the week, but a slew of positive?if minor?fundamental data also may be contributing to the light metal?s pricing ride.
Metal Bulletin  Aug 25  Comment 
Aluminum futures have settled below the symbolic $2,000-per-tonne mark on the London Metal Exchange for a full week of trading, suggesting that weak fundamentals might finally be catching up with the speculation-driven market.
Metal Bulletin  Aug 7  Comment 
After being spurned by smelters for seven months, the aluminum futures contract for North American die cast alloy might be sufficiently high to lure material into London Metal Exchange-certified warehouses.




 
TOP CONTRIBUTORS


COMEX Aluminum futures were traded on the COMEX division of the NYMEX under ticker symbol AL in U.S. cents per pound, until the COMEX delisted aluminum futures in september 2009.[1]

Delivery Dates

Until their delisting, COMEX Aluminum futures were delivered every year in January, February, March, April, May, June, July, August, September, October, November, and December (all months).[1]

The following is a table with COMEX Aluminum futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009ALF9AL/F9-NC
February, 2009ALG9AL/G9-NC
March, 2009ALH9AL/H9-NC
April, 2009ALJ9AL/J9-NC
May, 2009ALK9AL/K9-NC
June, 2009ALM9AL/M9-NC
July, 2009ALN9AL/N9-NC
August, 2009ALQ9AL/Q9-NC
September, 2009ALU9AL/U9-NC
October, 2009ALV9AL/V9-NC
November, 2009ALX9AL/X9-NC
December, 2009ALZ9AL/Z9-NC


Contract Specifications

Contract Size

One COMEX Aluminum futures contract on the COMEX division of the NYMEX is 44,000 pounds.[1]

Tick Value

$0.0005 (0.05¢) per pound ($22.00 per contract).[1]

Daily Price Limit

$0.20 (20¢) per pound above or below the previous day's settlement price, unless one of the two closest delivery month's trades at or is offered or bid for two minutes at the limit. In that case, after a 15-minute halt, the market will reopen with the limits expanded by $0.20 (20¢) on either side of the previous limit. This can happen no more than twice in a session for a maximum $0.60 (60¢) limit.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time.[1]
  • Open Outcry (pit session): 7:50 AM until 1:15 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the third to last business day of the delivery month.[1]

Margin Requirements

  • Clearing Member/Maintenance - $2250[2]
  • Member & Hedge Customer - $2250[2]
  • Non-Member Customer - $3038[2]

Deliverable Grades

Primary aluminum meeting all the requirements of the P1020A designation or primary aluminum of 99.7% purity with a maximum iron content of 0.20% and a maximum silicon content of 0.10%.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The COMEX division of the NYMEX's contract specification for COMEX Aluminum futures
  2. 2.0 2.1 2.2 COMEX Aluminum Futures Margin Requirements
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki