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Methanol T2 FOB Rdam (ICIS) Futures Contract Specs

Contract Unit 100 Metric Tons
Price Quotation Euro 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 Daily Settlement: €0.50 per metric ton
Final Settlement: €0.01 per metric ton
Product Code CME Globex: MT2
CME ClearPort: MT2
Clearing: MT2
Listed Contracts Monthly contracts listed for 12 months.One additional month will be added for the next business day at the expiry of the spot month contract.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-points of the week’s “Spot range assessment” for the Methanol Spot Price (FOB RDAM T2 in EUR/MT) in all weekly ICIS Europe methanol reports published during the contract month.
Termination Of Trading Trading terminates on the last Friday of the contract month.If such Friday is not an Exchange business day, the contract will terminate on the Exchange business day immediately prior. 
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 986
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing