From CME Group: 2025-02-27 09:16:27

The Aluminum futures contract is duty-unpaid with global delivery points, including 13 locations with a total of 37 approved warehouses. It is quoted in USD per metric ton. In contrast, Copper futures are quoted in USD per pound and only have warehouse locations in North America.

Aluminum futures offer arbitrage opportunities due to pricing correlation with international standards, with monthly settlement structure and a contract size of 25 metric tons. Warehouse load out requirements prioritize cancelled warrants. On-screen trading is available through Globex and ClearPort, with record high volume and open interest levels.

The liquidity in Aluminum futures is robust and transparent, with record high average daily volume and open interest in recent years. The active month transitions predictably, with the lead month changing on the fifteenth of each month. This transition ensures liquidity remains stable and predictable throughout the trading cycle.



Read more at CME Group: Five things you should know about Aluminum futures