Iron Ore 62% Fe, CFR China (Platts)

Futures and Options
Globex Code
Last
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Change
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Volume
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Iron Ore 62% Fe, CFR China (Platts) Futures - Contract Specs

Contract Unit
500 dry metric tons
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

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