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European Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) Futures Contract Specs

Product Symbol NSF
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 50 metric tons
Price Quotation Euros per metric ton
Minimum Fluctuation 0.01 Euros per metric ton
Floating Price The Floating Price for each contract month is equal to the average price calculated for all available price assessments published for “European hot rolled coil, Ex-works Ruhr Germany” for that given calendar month by Platts (Platts).
Termination of Trading Trading terminates on the last business day of the contract month (follows the UK banking holiday schedule).
Listed Contracts Trading is conducted in 24 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 871
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.