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Powder River Basin Coal (Platts OTC Broker Index) Futures Contract Specs

Contract Unit 1,000 tons
Price Quotation U.S. dollars and cents per 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 0.01 per ton = $10.00
Product Code CME Globex: QP
CME ClearPort: QP
Clearing: QP
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 will be equal to the Final Monthly Average for the corresponding month of the Platts OTC Broker Index for the PRB 8,800 OTC published in Platt’s Coal Trader in the table titled "OTC Broker Index" in the first regular issue of the contract month.
Termination Of Trading Trading terminates on the 25th day of the month prior to the contract month.  If the 25th day is not a business day, trading terminates on the business day prior to the 25th day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 262
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing