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: TIOCME ClearPort: TIOClearing: TIO
|
Listed Contracts
|
Monthly contracts listed for the current year and the next 3 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 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 Singapore business day of the contract month.
|
Position Limits
|
COMEX Position Limits |
Exchange Rulebook
|
COMEX 919 |
Block Minimum
|
Block Minimum Thresholds |
All Or None Minimum
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Quote Vendor Symbols Listing |