CME Group ‒ Aluminum Auction - Registration Now Open
Register nowCME Group introduces the first electronic auction of aluminum based on COMEX Aluminum futures (ALI).
The Aluminum Auction, from CME Group, supports established aluminum premium markets by giving participants the ability to anonymously transact physical material in the spot market via their clearing member.
- Minimize counterparty due diligence
- Disclose attributes and location of aluminum prior to the auction
- Engage in a competitive, anonymous, and efficient tender process with a larger universe of potential counterparties
Auction Date |
Floor price |
Winning bid price | Quantity |
Delivery Location |
|---|---|---|---|---|
| June 29, 2022 | 29.75 cents per pound | Bought-in | 200 metric tons | Owensboro |
| April 7, 2022 | 35.00 cents per pound | 35.05 cents per pound | 275 metric tons | Toledo |
| March 3, 2022 | 35.50 cents per pound | 35.50 cents per pound | 200 metric tons | Owensboro |
| February 23, 2022 | 30.90 cents per pound | Bought-in | 290 metric tons | Toledo |
| October 21, 2021 | 25.50 cents per pound | Bought-in | 180 metric tons | Toledo |
| October: 7, 2021 | 24.45 cents per pound | Bought-in | 110 metric tons | Toledo |
- The inventory designated for the auction must be eligible aluminum stored in a CME Group-approved warehouse
- Upon instruction from the owner, the warehouse creates an Inventory ID, which earmarks the aluminum for auction and is held in the name of the owner’s clearing member
- The owner schedules an auction using CME’s auction platform
- The winning bid is confirmed by the Exchange, and invoices are distributed accordingly
- The clearing members exchange payment for the inventory ID on behalf of the Buyer and Seller in accordance with CME Group Rules
An employee of the applicant company authorized to act on behalf of applicant company (“Authorized Employee”) must complete and submit the registration information to receive access to the CME Aluminum Auction Platform.
The registration form requires the applicant company to identify:
- Two contacts at the applicant company’s CME futures clearing firm;
- Two or more verification officers at the company with authority to add and remove users; and
- One or more CME Direct Auction Platform users.
The verification officers will be the primary point of contact in connection with accessing the CME Direct Auction Platform. All identified verification officers and users must have an active CME Group Login ID.
Registering for the CME Direct Auction Platform – Aluminum Auctions
Step 1
The applicant company must ensure that all verification officers and users of the platform that are to be identified on the registration form for the CME Direct Auction Platform – Aluminum Auctions have first registered and activated a CME Group Login ID
CME Group Login is a self-managed, centralized user profile service that authenticates access to applications and services.
Learn more about CME Group Login.
Step 2
An Authorized Employee must complete and submit the CME Direct Auction Platform – Aluminum Auctions registration form.
Register for access to the CME Direct Auction Platform – Aluminum Auctions
By clicking the “Submit” button at the bottom of the page, your request will be routed to our onboarding team for processing. Upon receipt and validation, we will onboard your firm and its verification officers and users. You will receive notification via email upon completion.
For questions about the process or status of your registration, contact:
ALAuctionRegistration@cmegroup.com
Step 3
Registered trading firms must contact their clearing member to request that an account be added to CME Account Manager for aluminum auctions. Firms that do not have such an account will not receive their CME Direct Auction Platform logon ID's.
The CME Direct Auction Platform registration form requires Microsoft .NET Framework 3.5 Service Pack 1
This process is for firms already registered with CME Direct Auction Platform – Aluminum Auctions and that wish to add additional users. The process must be completed by a verification officer.
Step 1
Each new user must create and activate a CME Group Login ID and provide the verification officer with their newly created CME Group Login IDs.
Step 2
Verification officer must complete and submit the CME Direct Auction Additional User Form.
Register an Additional User for access to the CME Direct Auction Platform – Aluminum Auctions
By clicking the “Submit” button at the bottom of the page, your request will get routed to our EASE team for processing. Upon receipt and validation, EASE will onboard new users. Users will receive notification via email upon completion.
For questions about the process or status of your registration, please contact:
CME Enterprise Application & System Entitlements (EASE)
US +1 312 456 1560
Europe +44 20 3379 3802
Asia +65 6593 5536
PRODUCT |
Aluminum futures |
|---|---|
CONTRACT CODE |
ALI |
SETTLEMENT |
Physical |
CONTRACT SIZE |
25 metric tons |
TICK SIZE |
$.0.25 per metric ton |
Termination of trading |
Third last business day of the delivery month |
Listed contract months |
60 consecutive months |
delivery period |
Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month |
FOR INFORMATIONAL PURPOSES ONLY. ALL DETAILS AND SPECIFICATIONS SUBJECT TO CHANGE
CME Platforms Inc. (“CME Platforms”) operates the Auction Platform as an unregulated cash market on which a participant may offer a product as a seller and other participants may bid in the relevant auction to purchase the product. CME Platforms is not registered under the U.S. Commodity Exchange Act as a designated contract market or a swap execution facility or in any comparable manner under the laws of any other jurisdiction. Auction participants when matched enter into a transaction that is not subject to centralized clearing, and with the intention to make or take delivery (as applicable) of the particular product covered by the transaction.
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