|Contract Unit||1,000 Metric Tons|
|Price Quotation||U.S. Dollars and Cents per Metric Tons|
|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||0.0001 per metric ton = $0.10|
|Product Code||CME Globex: T5CCME ClearPort: T5CClearing: T5C|
|Listed Contracts||Monthly contracts listed for the current year and the next 2 calendar years.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|
|Floating Price||The Floating Price for each contract month is equal to the arithmetic average of the USD per metric ton rate for the TC15 freight route (i.e. Skikda, Algeria to Chiba, Japan for cargoes of 80,000 metric tons, or as subsequently amended) published by the Baltic Exchange for each day that it is published during the Settlement Period.|
|Termination Of Trading||
For contract months January to November inclusive: Trading terminates on the last business day of the calendar month.
For December contract months: Trading terminates on the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 946|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|