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	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: TIO CME ClearPort: TIO Clearing: 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 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 Singapore business day of the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 919
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing

Quick Links

Contract Related

Product Related

Delivery Notices

Resources

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs).
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

All Products Home

Market Data Home

Clearing Home

Technology Home

Education Home