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HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures
| HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | FSF | ||||
| Venue | CME ClearPort, Open Outcry (New York) | ||||
| Hours (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 | U.S. Dollars and Cents per metric ton | ||||
| Minimum Fluctuation | $0.01 per metric ton ($0.50 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 “HMS 80/20 Ferrous Scrap – CFR Turkish Port” 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 | 867 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||
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