CME COMEX:BUS U.S. Midwest Busheling Ferrous Scrap (AMM) Futures prices chart
U.S. Midwest Busheling Ferrous Scrap (AMM) Futures (CME COMEX:BUS) :
Product Code: CME Globex: BUS, CME ClearPort: BUS, Clearing: BUS
Contract Unit: 20 gross tons
Price Quotation: U.S. dollars and cents per gross ton
Minimum Price Fluctuation: 1.0 per gross ton = $20.00
Settlement Method: Financially Settled
Floating Price: The Floating Price for each contract month is equal to the price assessment published on the 10th of that given calendar month for the Steel scrap No1 busheling, index, delivered Midwest mill, $/gross ton. If 10th falls into a holiday or weekend, the price will settle on the immediately following business day.
Listed Contracts: Monthly contracts listed for 24 consecutive months
Termination Of Trading: Trading terminates on the 10th day of the contract month. If the 10th day is not a business day, trading terminates on the next business day.
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)