The following table shows the new initial margins, expressed in US$ per lot of metal, compared with the previous:
Metal |
New Margin ($/lot) |
Previous Margin |
Lot size (tonnes) |
Al Alloy |
3,180 |
3,740 |
20 |
Aluminium |
4,700 |
4,700 |
25 |
Copper |
15,000 |
15,000 |
25 |
Lead |
7,000 |
8,250 |
25 |
NASAAC |
3,400 |
3,880 |
20 |
Nickel |
20,412 |
20,412 |
6 |
Tin |
12,000 |
8,705 |
5 |
Zinc |
6,250 |
7,900 |
25 |
Billet Far East |
3,900 |
3,900 |
65 |
Billet Mediterranean |
4,550 |
4,550 |
65 |
Source: Metals Insider