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 |
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| Product Code | CME Globex: SSICME ClearPort: SSIClearing: 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. |
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| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1113 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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