Chicago No1 Busheling Ferrous Scrap (Fastmarkets)
Futures and Options
Chicago No1 Busheling Ferrous Scrap (Fastmarkets) Futures - Contract Specs
| Contract Unit | 20 gross tons |
|---|---|
| Price Quotation | U.S. dollars and cents per gross ton |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 1.00 per gross ton = $20.00 |
| Product Code | CME Globex: BCH CME ClearPort: BCH Clearing: BCH |
| Listed Contracts | Monthly contracts listed for 24 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | Chicago No. 1 busheling scrap consumer buying price $/gross ton |
| Termination of Trading | Trading terminates on the 13th day of the contract month. If the 13th day is not a business day, trading terminates on the next business day. |
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| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
