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Aluminum Futures |
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
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, 2009 | ALF9 | AL/F9-NC |
| February, 2009 | ALG9 | AL/G9-NC |
| March, 2009 | ALH9 | AL/H9-NC |
| April, 2009 | ALJ9 | AL/J9-NC |
| May, 2009 | ALK9 | AL/K9-NC |
| June, 2009 | ALM9 | AL/M9-NC |
| July, 2009 | ALN9 | AL/N9-NC |
| August, 2009 | ALQ9 | AL/Q9-NC |
| September, 2009 | ALU9 | AL/U9-NC |
| October, 2009 | ALV9 | AL/V9-NC |
| November, 2009 | ALX9 | AL/X9-NC |
| December, 2009 | ALZ9 | AL/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
- ↑ 1.0 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
- ↑ 2.0 2.1 2.2 COMEX Aluminum Futures Margin Requirements
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