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Coal (API 8) cfr South China (Argus/McCloskey) Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars 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 = $10.00
Product Code CME Globex: SSI
CME ClearPort: SSI
Clearing: SSI
Listed Contracts Monthly contracts listed for the current year and the next 2 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 8) cfr South China 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 terminate 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.
If New Year's Day is a Friday, the preceding December contract month terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1113
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing