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Coal (ICI 4) Indonesian Coal Index (Argus/Coalindo) Futures Contract Specs

Contract Unit 1,000 Metric Tons
Price Quotation U.S. Dollars and Cents per Metric Ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation  $0.05 per metric ton.
The minimum final settlement price fluctuation is $0.01 per metric ton.
Product Code CME Globex: ICI
CME ClearPort: ICI
Clearing: ICI
Listed Contracts Monthly contracts listed for the current year and the next 2 consecutive years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the monthly average price for Indonesian Coal Index 4 (ICI 4) published in the Argus/Coalindo Indonesian Coal Index Report during the contract month (i.e. being the average of weekly prices during the contract month).

The ICI 4 is an average of the Argus 4,200 kcal GAR fob Indonesia assessment
and the Coalindo contribution for 4200 GAR (3800NAR) 
Termination Of Trading Trading terminates on the last Friday of the contract month. If such Friday is a Singapore holiday, the contract will terminate on the Singapore 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 will 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 will terminate on the last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1125
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing