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 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 dry metric ton = $5.00 | ||||
| Product Code | CME Globex: TICXXCME ClearPort: TICClearing: 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 contrat of 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 | NYMEX 1107 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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