HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI)
Futures and Options
HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) Futures - Contract Specs
| Contract Unit | 10 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 1.00 per metric ton = $10.00 |
| Product Code | CME Globex: FSF CME ClearPort: FSF Clearing: FSF |
| Listed Contracts | Monthly contracts listed for 24 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the average price calculated for all available price assessments published for “HMS 80/20 Ferrous Scrap - CFR Turkish Port” for that given calendar month by Platts. |
| Termination of Trading | Trading terminates on the last U.S. and London business day of the contract month |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
