- Trading Screen Product Name
- Battery Materials Futures
- Trading Screen Hub Name
- Lithium Carbonate CIF Asia (BMI)
- Contract Symbol
LI2
- Contract Size
1 metric tonne
- Unit of Trading
Any multiple of 1 metric tonne
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One cent ($0.01) per metric tonne
- Minimum Price Fluctuation
One cent ($0.01) per metric tonne
- Last Trading Day
Last Wednesday of the contract month. If such a Wednesday is not a
business day, then the Last Trading Day will be the business day
prior, the same as the publication date of the Benchmark Mineral
Intelligence Lithium Price Assessment.
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
assessments as made public by Benchmark Mineral Intelligence under
the heading “Lithium Carbonate (Spot)” for “CIF
Asia (spot); Min 99.2%; USD/Tonne” for each business day (as
specified below) in the determination period.
- Contract Series
Up to 72 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Benchmark Mineral Intelligence Lithium Price
Assessment.
- MIC Code
- IFEU
- Clearing Venues
- ICEU