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 |
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| Product Code | CME Globex: MT2CME ClearPort: MT2Clearing: MT2 | ||||
| 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 | ||||
| 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 | ||||
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