How much do I need for 1 contract of Aluminium?

Discussion in 'Commodity Futures' started by qll, Jan 31, 2007.

  1. qll


    I currently pay 6ruan for 100,000ruan worth Aluminium. I need to have 10% as the margin requirement. So I need to have 10,000ruan in my account.

    How much do I need for 1 contract of Aluminium in LME market?
    Does IB support LME now?
  2. It doesn't. (which is unconceivable btw)

    At the LME initial is $6,250.00 and maint $5,000.00
  3. qll


    your AL is so big. how much commission do you pay? at which broker? I only pay 6 for 10,000 initial. it is like paying $3.6 for $6,250.00. If I close the position within the day, I pay no fee for closing transaction.

    i am thinking to move my money out of china now, because there is NO stoploss!

    this really hurts my eyes and brain!.
  4. Sorry to have hurt your eyes.

    The Nymex, through IB, also has the contract for $4,050.00 initial and $2,025.00,intraday but I believe the contract is illiquid.

    The LME also has a mini AL, but I see no volume on it either...