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Coal (API 8) cfr South China (Argus/McCloskey) Futures Contract Specs

Product Symbol SSI
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 (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 metric tons
Price Quotation U.S. dollars per metric ton
Minimum Fluctuation $0.05 per metric ton; $0.01 for final settlement
Floating Price API 8 cfr South China Coal
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 2 years.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1113
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.