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Contracts TIO and ICT will be amended with effect from 1 January 2018 to reflect TSI's specification changes. See SER 7838 for details.
Iron Ore 62% Fe, CFR China (TSI) Futures Contract Specs
| Contract Unit | 500 dry metric tons | ||||
| Price Quotation | U.S. Dollars and cents | ||||
| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/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 | ||||
| Product Code | CME Globex: TIOCME ClearPort: TIOClearing: TIO | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. 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 average price calculated for all available price assessments published for "Iron ore fines 62% Fe - CFR China Port" for that given calendar month by The Steel Index. | ||||
| Termination Of Trading | Trading terminates on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar. If the last business day of the contract month is a Singapore banking holiday, the last trade date will be the business day immediately preceding the holiday. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 919 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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