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Australian Coking Coal (Platts) Low Vol Futures Contract Specs

Product Symbol ALW
Venue CME ClearPort, Open Outcry (New York)
(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 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Size 1,000 metric tons
Price Quotation U.S. Dollars and Cents per metric ton
Minimum Fluctuation $0.01 per metric ton ($10.00 per contract)
Floating Price The Floating Price for each contract month is equal to the average price calculated for all available price assessments published for “Hard Coking Coal (Premium Low Vol) FOB Australia for that given calendar month by Coal Trader International (Platts).
Termination of Trading Trading terminates on the last business day of the contract month (follows the Singapore calendar).
Listed Contracts Trading is conducted in the current year and the next full year up to 24 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1111
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.