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HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures Contract Specs

Contract Unit 10 metric tons
Price Quotation U.S. dollars and cents per metric 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 metric ton = $0.10
Product Code Clearing: FSF
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the average price calculated for all available price assessments published for “HMS 80/20 Ferrous Scrap – CFR Turkish Port” for that given calendar month by Platts.
Termination Of Trading Trading terminates on the last UK business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 867
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing