Contract Unit
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1,000 metric tons |
Price Quotation
|
U.S. dollars and cents per metric ton |
Trading Hours
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Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
Minimum Price Fluctuation
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0.05 per metric ton = $50.00 .
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Product Code
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CME Globex: MTFCME ClearPort: MTFClearing: MTF
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Listed Contracts
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Monthly contracts listed for the current year and the next 4 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
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Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month shall be equal to the (API 2) cif ARA Monthly Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (ie being the average of weekly prices during the contract month). |
Termination Of Trading
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Trading terminates on the last Friday of the contract month. If the last Friday is not a London business day, trading terminates on the prior London and U.S. business day.
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Settlement Procedures
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Delivery under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. |
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 926 |
Block Minimum
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Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |