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

Contract Unit 50 metric tons
Price Quotation Euros per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Minimum Price Fluctuation 0.01 Euros per metric ton
Product Code CME Globex: NSF
CME ClearPort: NSF
Clearing: NSF
Listed Contracts Trading is conducted in 24 consecutive months
Settlement Method Financially Settled
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).
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 871
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing