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Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures Contract Specs

Contract Unit 500 Dry Metric Tons
Price Quotation U.S. dollars and cents per dry metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.01 per Dry Metric Ton
Product Code CME Globex: TIC
CME ClearPort: TIC
Clearing: TIC
Listed Contracts Monthly contracts listed for the current year and the next two years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of all available price assessments published for Iron ore fines 58% Fe, low alumina – CFR China in the given calendar month by The Steel Index.
Termination Of Trading Trading shall cease on the last business day of the contract month. If the last business day of the contract month is a Singapore banking holiday, the last trade date will be the business day immediately preceding the holiday.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1107
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing