Iron Ore China Portside Fines CNH fot Qingdao (Argus)

Futures
Globex Code
PACJ5
Last
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Change
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Volume
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Last Updated13 Apr 2025 11:06:11 PM CT.
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Manage portside and seaside risk in one marketplace

Manage risk more effectively across the iron ore supply chain with contracts targeting an increasingly relevant factor: prices of cargo landed at the docks of China, the world’s largest buyer. Two contracts – Iron Ore China Portside Fines CNH fot Qingdao (Argus) futures and Iron Ore China Portside Fines USD Seaborne Equivalent (Argus) futures – expand our lineup to create the only exchange-traded, cash-settled contracts that address both portside and seaborne price exposure.

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Features and benefits

Precise on-shore hedging

Better manage China portside exposure based on prices of iron ore traded at Qingdao Port.

Establishes a forward curve

China portside markets are a key indicator of seaborn price trends, creating a forward curve to help minimize supply chain risk at a key transactional point.

Denomination trading choice

The Portside Fines CNH fot Qingdao contract (PAC futures) offers precise exposure in CNH terms, while the Portside Fines USD Seaborne Equivalent (PAU) provides a USD-traded alternate.

Leading Argus portside benchmarks

The China portside contracts settle to portside benchmarks from Argus, a leading energy and commodity price reporting agency, enabling reliable, transparent pricing.

PRODUCTS

Seaborne Iron Ore futures and options

Iron Ore 62% Fe, CFR China (TSI) futures and options complement China portside contracts, enabling hedging of off-shore iron exposure against costs of production swings and supply-side price squeezes.

Explore this product in depth

Review contract highlights

  • Contract Unit
    100 wet metric tons
  • Price Quotation
    Chinese Renminbi per wet metric ton 
  • Product Code
    CME Globex: PAC
    CME ClearPort: PAC
    Clearing: PAC
  • 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. CT
    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
Last Updated13 Apr 2025 11:06:10 PM CT.
Date
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Take self-guided courses on Iron Ore futures and options products.

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