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Coal (API 6) fob Newcastle (Argus/McCloskey) Swap Futures
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Coal (API 6) fob Newcastle (Argus/McCloskey) Swap Futures
Product Symbol NCL
Venue CME ClearPort, Open Outcry (New York)

Hours

(All Times are New York Time/ET)

 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 (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.01 per metric ton
Floating Price The Floating Price for each contract month shall be equal to the (API 6) fob Newcastle Monthly Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (ie being the average of weekly prices during the contract month).
Termination of Trading Last Friday of contract month or the prior business day if Friday is a UK Banking holiday.
Listed Contracts Current year and next full year
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1109
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
This product is not available for trading until after the product rules have been submitted to the Commodity Futures Trading Commission.