-
Trading
Product Groups
Getting Started
-
-
- Active Trader Daily market data and insight for the Individual Active Trader
-
-
-
- QuikStrike Tools Build and refine trading strategies with free analytics tools.
-
Keep track of products you’re interested in, view trading data and access all your contracts in a single location.
-
-
Clearing
-
-
Margin Services
- Try our new interactive margin calculator and evaluate initial margin requirements
-
-
Data
Intraday Data
Services
Subscription Based Data
-
-
- MDP (Streaming) Access our market data directly via our Market Data Platform
-
-
-
- E-Quotes Offering charting, analytics, real-time quotes and news on our products
-
-
-
- CME DataMine (Historical) Comprehensive historical price information available on select CME Group contracts
-
-
-
Technology
-
Education
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures Contract Specs
| Contract Unit | 1,000 metric tons | ||||
| Price Quotation | U.S. dollars and cents per metric ton | ||||
| Trading Hours | 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 |
0.05 per metric ton = $50.00 Final settlement: 0.01 per metric ton = $10.00 |
||||
| Product Code | CME Globex: MFFCME ClearPort: MFFClearing: MFF | ||||
| Listed Contracts | 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. | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month shall be equal to the (API 4) fob Richards Bay 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 | Trading terminates on the last Friday of the contract month. If the last Friday of the contract month is not a UK business day, trading terminate on the prior UK business day. | ||||
| Settlement Procedures | 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 928 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
Quick Links
Other Energy Products
Tools
- Interactive Expiration Calendar
- Open Interest Tool
- CFTC Traders Tool
- QuikStrike Pricing and Analysis
Related
Essentials
Contact Us
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
Contact Us
View AllCME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
