CME Group adds Aluminum Japan Premium (Platts) futures to offering


International derivatives marketplace CME Group Inc (NASDAQ:CME) has just announced an expansion to its base metals offering via the launch of a new Aluminum Japan Premium (Platts) futures contract.

Subject to regulatory approvals, the new contracts are set to start trading on December 7, 2015. They will be available for trading on CME Globex and for submission for clearing through CME ClearPort. The Aluminum Japan Premium (Platts) futures contract will be 25 metric tons in size and will be cash-settled referencing the Platts CIF Japan Spot Premium for Aluminum.

The new contracts complement the existing base metals futures offering, including CME Group’s Aluminum MW U.S. Transaction Premium Platts futures, Aluminum European Premium Metal Bulletin futures and physically delivered Aluminum futures.

Young-Jin Chang, Senior Director of Metals Products, CME Group, said,

“This new contract complements our offering of U.S. and European aluminum premium futures contracts, and enables market participants to hedge their exposure to the Asian aluminum premium. Market participants in Asia have demanded a solution in hedging their premium exposure, and with the growing sophistication and participation of Asia in global aluminum pricing, we are pleased to offer this new Aluminum Japan Premium (Platts) futures contract to better address our customers’ needs.”

To view the official announcement from CME Group on the new offering, click here.

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CME Group adds Aluminum Japan Premium (Platts) futures to offering

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