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Coal (API 5) fob Newcastle (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
Product Code CME Globex: ACM
CME ClearPort: ACM
Clearing: ACM
Listed Contracts Monthly contracts listed for the current year and the next calendar year. 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 5 fob Newcastle 5,500 kcal/kg Monthly Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (i.e. being the average of weekly prices during the contract month)
Termination Of Trading Trading terminates on the last Friday of the contract month. If such Friday is a UK holiday, trading terminates on the UK business day prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case trading terminates on the Exchange business day immediately prior. If New Year's Day is a Friday, the immediately preceding December contract month terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1104
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing