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

Product Symbol ACM
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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. (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)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM ET (8:00 AM to 1:30 PM CT)
Contract Size 1,000 Metric tons metric tons
Price Quotation US$ per metric ton
Minimum Price Fluctuation $0.05 per metric ton; $0.01 for final settlement
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 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.
Listed Contracts Current year and next full calendar year.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1104
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX