Methanol CFR China Specific Origin (ICIS) Futures - Contract Specs
| Contract Unit | 100 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT 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 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 per metric tons = $1.00 |
| Product Code | CME Globex: CMS CME ClearPort: CMS Clearing: CMS |
| Listed Contracts | Monthly contracts listed for current year and the next calendar year. List monthly contracts for a new calendar year following the termination of trading in the December contract of the curent year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from ICIS publication for "Methanol CFR China Assessment Specific Origins Spot Weekly" for each business day that the Floating Price is determined during the contract month. |
| Termination of Trading | Jan - Nov: Trading terminates on the last Friday of the contract month. If this is not a business day, trading terminates on the prior business day. Dec: Trading terminates on the last Friday prior to the 25th calendar day of the month. If this is not a business day, trading terminates on the prior business day. |
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