Aluminum Japan Premium (Platts) Futures - Contract Specs
| Contract Unit | 25 metric tons |
|---|---|
| Price Quotation | U. S. dollars and cents per 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) |
| Minimum Price Fluctuation | 0.01 per metric ton = $0.25 |
| Product Code | CME Globex: MJP CME ClearPort: MJP Clearing: MJP |
| Listed Contracts | Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month shall be equal to the arithmetic average of the mid-point of the high and low quotations of the "Aluminum CIF Japan Premium ($/mt)" price assessment published in Platts Metal Daily for each day that it is determined during the contract month. |
| Termination of Trading | Trading terminates on the last business day of the contract month that is also a Platts publication date for the price assessment. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
