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Micro Coal (API 5) fob Newcastle (Argus/McCloskey) Futures Contract Specs

Contract Unit 10 Metric Tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation $0.01 per metric ton
Product Code CME Globex: M5F
CME ClearPort: M5F
Clearing: M5F
Listed Contracts Monthly contracts listed for the current year and the next calendar year. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
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 immediately 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. Notwithstanding the above, 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 1131
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing