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Iron Ore 62% Fe, CFR North China (Platts) Average Price Option Contract Specs

Options
Contract Unit 500 dry metric tons
Minimum Price Fluctuation 0.01 per dry metric ton =$5.00
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)
Product Code CME Globex: ICP
CME ClearPort: ICP
Clearing: ICP
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 contract of the current year.
Termination Of Trading Trading terminates on the last Singapore business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 645
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying Iron Ore 62% Fe, CFR North China (Platts) Futures