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U.S. Midwest Busheling Ferrous Scrap (AMM) Futures Contract Specs

Contract Unit 20 gross tons(gt)
Price Quotation U.S. dollars and cents per gross 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 gross ton
Product Code CME Globex: BUS
CME ClearPort: BUS
Clearing: BUS
Listed Contracts 24 consecutive months
Settlement Method Financially Settled
Floating Price AMM US Midwest #1 Busheling Ferrous Scrap Index
Termination Of Trading 10th of the month, if 10th is a holiday/weekend, it will settle on the immediate following business day
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 601
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing