Asset Class Navigation

Coal (API 5) fob Newcastle (Argus/McCloskey) Futures Contract Specs

Contract Unit 1,000 Metric tons metric tons
Price Quotation US$ per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.05 per metric ton; $0.01 for final settlement
Product Code CME Globex: ACM
CME ClearPort: ACM
Clearing: ACM
Listed Contracts Current year and next full calendar year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the API 5 fob Newcastle 5,500 kcal/kg Monthly Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (i.e. being the average of weekly prices during the contract month)
Termination Of Trading The contract shall terminate at the close of trading on the last Friday of the contract month. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior. Notwithstanding the above, if New Year's Day is a Friday, the immediately preceding December contract month shall terminate on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1104
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing