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HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures Contract Specs

Contract Unit 50 metric tons
Price Quotation U.S. Dollars and Cents 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 per metric ton ($0.50 per contract)
Product Code CME Globex: FSF
CME ClearPort: FSF
Clearing: FSF
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 “HMS 80/20 Ferrous Scrap – CFR Turkish Port” for that given calendar month by 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 867
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing