| Iron Ore 62% Fe, CFR North China (Platts) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | PIO | ||||
| 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 | 1,000 dry metric tons | ||||
| Price Quotation | U.S. Dollars and cents | ||||
| Minimum Fluctuation | $0.01 per dry 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 "Iron ore fines 62% Fe - CFR China Port" for that given calendar month by Platts. | ||||
| Termination of Trading | Trading terminates 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. | ||||
| Listed Contracts | Current year plus the next two calendar years | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 925 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||