Lead Futures

Lead Futures Live Chart (CFDs)

About Lead Metal

Lead is a heavy metal that is denser than most common materials. Lead is soft and malleable, and also has a relatively low melting point. When freshly cut, lead is silvery with a hint of blue; it tarnishes to a dull gray color when exposed to air. Lead has the highest atomic number of any stable element and three of its isotopes are endpoints of major nuclear decay chains of heavier elements.

About Lead Futures

Lead Futures are available for trading in The London Metal Exchange (LME). The standard contact weights 25 tonnes. Lead futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of lead at a predetermined price on a future delivery date.

Consumers and producers of lead can manage lead price risk by purchasing and selling lead futures. Lead producers can employ a short hedge to lock in a selling price for the lead they produce while businesses that require lead can utilize a long hedge to secure a purchase price for the commodity they need.

Lead futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable lead price movement. Speculators buy lead futures when they believe that lead prices will go up. Conversely, they will sell lead futures when they think that lead prices will fall.

LME Lead Futures Contract Specification

Product Code PB
Price Quotation US dollars per tonne
Minimum Price Fluctuation
Outright Carries
Ring  $0.50  $0.01
LMEselect  $0.50  $0.01
Inter-office  $0.01  $0.01
Settlement Method Physical
Termination Of Trading Up until the close of the first Ring the day before the prompt date
Trade Unit / Lot Size 25 tonnes
Trading Hours 01:00 to 19:00 hours, London Time
Prompt dates  
 

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