Contract Unit
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500 dry metric tons |
Price Quotation
|
U.S. dollars and cents per dry metric ton |
Trading Hours
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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
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0.01 per dry metric ton = $5.00
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Product Code
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CME Globex: TICCME ClearPort: TICClearing: TIC
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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.
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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
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Trading terminates on the last Singapore business day of the contract month.
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Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
COMEX 1107 |
Block Minimum
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Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |