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Chinese Steel Rebar HRB400 (Mysteel) Futures Contract Specs

Product Symbol RBR
Venue CME ClearPort, Open Outcry (New York)
Trading Hours CME ClearPort 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 Friday 9:00 AM to 2:30 PM ET (8:00 AM to 1:30 PM CT)
Contract Size 100 metric tons
Price Quotation U.S. Dollars and Cents per Metric Ton
Minimum Fluctuation $0.001 per metric ton
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the quotations for third grade rebar (HRB400) as published by Mysteel in its report Steel building materials prices (Shanghai market prices of construction steel).
Termination of Trading Trading shall cease on the last business day of the contract month. Business days are based on the Chinese Public Holiday calendar.
Listed Contracts 12 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1286
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.