Zinc Futures

Zinc Futures Live Chart (CFDs)

About Zinc Metal

Zinc is a bluish-white element that can be refined into a metal. It resists corrosion and, therefore, is often used to galvanize iron and steel. Zinc is used to produce brass, which is a zinc alloy that contains between 55 and 95% copper.

Zinc is extracted from zinc blend mainly found in earth crust as source for zinc. Zinc extraction is done in three steps. First is froth flotation, second roasting of product from first step and then the final step is electro wining wherein electricity is passed.

Zinc is a lightweight and corrosion-resistant metal. It is often used in die-casting alloys, castings, brass products, sheeting products, chemicals, medicine, paints and batteries. The biggest producers of zinc are. China, Peru, Australia, United States, Canada, India and Kazakhstan.

About Zinc Futures

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

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

Zinc 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 zinc price movement. Speculators buy zinc futures when they believe that zinc prices will go up. Conversely, they will sell zinc futures when they think that zinc prices will fall.

LME Zinc Futures Contract Specification

Product Code ZS
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 One futures contract
Trading Hours 01:00 to 19:00 hours, London Time
Prompt dates  
 

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