Methanol T2 FOB Rdam (ICIS) Futures - Contract Specs
| Contract Unit | 100 Metric Tons |
|---|---|
| Price Quotation | Euro and Cents per 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 | Daily Settlement: €0.50 per metric ton Final Settlement: €0.01 per metric ton |
| Product Code | CME Globex: MT2 CME ClearPort: MT2 Clearing: MT2 |
| Listed Contracts | Monthly contracts listed for the current year and the next calendar year. 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 arithmetic average of the mid-points of the week’s “Spot range assessment” for the Methanol Spot Price (FOB RDAM T2 in EUR/MT) in all weekly ICIS Europe methanol reports published during the contract month. |
| Termination of Trading | Trading terminates on the last Friday of the contract month.If such Friday is not an Exchange business day, the contract will terminate on the Exchange business day immediately prior. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
