IRON ORE 58% FE, LOW ALUMINA, CFR CHINA (TSI) FUTURES - CONTRACT SPECS

Contract Unit 500 dry metric tons
Price Quotation U.S. dollars and cents per dry 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 0.01 per dry metric ton = $5.00
Product Code CME Globex: TIC
CME ClearPort: TIC
Clearing: TIC
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contractof the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of all available price assessments published for Iron ore fines 58% Fe, low alumina – CFR China in the given calendar month by The Steel Index.
Termination Of Trading Trading terminates on the last Singapore business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 1107
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing