Coal (API2) CIF ARA (ARGUS-McCloskey) Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 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 |
| Minimum Price Fluctuation | 0.05 per metric ton = $50.00 |
| Product Code | CME Globex: MTF CME ClearPort: MTF Clearing: MTF |
| Listed Contracts | Monthly contracts listed through and including Dec-25. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month shall be equal to the (API 2) cif ARA Monthly Coal Price Index published in the Argus/McCloskey's Coal Price Index Report (ie being the average of weekly prices during the contract month). |
| Termination of Trading | Trading terminates on the last Friday of the contract month. If the last Friday is not a London business day, trading terminates on the prior London and U.S. business day. |
| Settlement Procedures | Delivery under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
