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

    Effective Sunday, 29 March 2015 for trade date Monday, 30 March 2015, and pending all relevant regulatory review periods, please be advised that NYMEX will launch Coal (API 8) cfr South China (Argus/McCloskey) Average Price Options, Coal (API 8) cfr South China (Argus/McCloskey) Calendar Options and Coal (API 8) cfr South China (Argus/McCloskey) Quarterly Options.

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 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.
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.