Iron Ore 62% Fe, CFR China (Platts) Futures - Contract Specs
Contract Unit | 500 dry metric tons |
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Price Quotation | U.S. dollars and cents per dry 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 | 0.01 per dry metric ton = $5.00 |
Product Code | CME Globex: TIO CME ClearPort: TIO Clearing: TIO |
Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
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 "Iron ore fines 62% Fe - CFR China Port" for that given calendar month by S&P Global Platts |
Termination of Trading | Trading terminates on the last Singapore business day of the contract month. |
Position Limits | |
Exchange Rulebook | |
Block Minimum | |
All or None Minimum |