LME NASAAC

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NASSAC futures
Exchange LME
Settlement Physically delivered
Contract Size 20 tons (with a tolerance of +/- 2%)
Pricing Unit Need pricing unit!
Tick Value
  • Ring - Outright $0.50, Carries $0.01
  • LME Select - Outright $0.25, Carries $0.01
  • Inter-office - Outright/Carries $0.01
Contract Months Daily: out to 3 months

Weekly: 3 out to 6 months Monthly: 7 out to 27 months

Last Trading Day Up until the close of the first Ring the day before the prompt date
  Open Outcry Electronic
Trading Hours 11:40 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A NA
Price Limits N/A N/A
 
NASSAC options
Trade Unit LME Aluminium Alloy futures - third Wednesday prompt of the contract month
Point Value $0.01 per tonne
Tick Value $0.01 per tonne
Option Months Monthly out to 27 months
Strike Prices
  • $25 gradations for strikes from US$25 to US$3975
  • $50 gradations for strikes form US$4000 to US$7950
  • $100 gradations for all strikes over $US8000
  Open Outcry Electronic
Trading Hours 11:40 to 17:00 hours, London Time 01:00 to 19:00 hours, London Time
Ticker Symbol N/A N/A
Price Limits N/A N/A

Notes

The NASAAC (North American Special Aluminium Alloy Contract) is an aluminium alloy contract that reflects the production and consumption of aluminium in North America. The contract was created in November 2001..[1]

Resources

LME NASAAC Contract Specifications

  1. Official LME Website. London Metal Exchange.