Tin Futures Live Chart (CFDs)
About Tin Metal
Tin is a silvery white metal that normally has a faint yellow type due to slight oxidation. Tin is soft enough to be cut without much force. Consumers and producers of tin can manage tin price risk by purchasing and selling tin futures. Tin producers can employ a short hedge to lock in a selling price for the tin they produce while businesses that require tin can utilize a long hedge to secure a purchase price for the commodity they need.
About Tin Futures
Tin Futures are available for trading in The London Metal Exchange (LME). The standard contact weights 5 tonnes. Tin futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of tin at a predetermined price on a future delivery date. Tin futures contract is a contract between two parties where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price, at a specified date in future.
Tin 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 tin price movement. Speculators buy tin futures when they believe that tin prices will go up. Conversely, they will sell tin futures when they think that tin prices will fall.
LME Tin Futures Contract Specification
|Price Quotation||US dollars per tonne|
|Minimum Price Fluctuation||
|Termination Of Trading||Up until the close of the first Ring the day before the prompt date|
|Trade Unit / Lot Size||5 tonnes|
|Trading Hours||01:00 to 19:00 hours, London Time|