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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