U.S. Midwest Shredded Scrap (Platts) Futures - Contract Specs
| Contract Unit | 20 gross tons (gt) |
|---|---|
| Price Quotation | U.S. dollars and cents per gross ton |
| Trading Hours | 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 |
| Minimum Price Fluctuation | 1.00 per gross ton = $20.00 |
| Product Code | CME Globex: SHR CME ClearPort: SHR Clearing: SHR |
| 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 final daily print of the Platts Shredded Delivered US Midwest price assessment in the contract month. |
| Termination of Trading | Trading terminates on the 15th day of contract month. If the 15th day is not a business day, trading terminates on the next business day. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
