CME NYMEX:MFF Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures prices chart
CME NYMEX:MFF Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures :
Product Code: CME Globex: MFF, CME ClearPort: MFF, Clearing: MFF
Contract Unit: 1,000 metric tons
Price Quotation: U.S. dollars and cents per metric ton
Minimum Price Fluctuation:
(1) 0.05 per metric ton = $50.00
(2) Final settlement: 0.01 per metric ton = $10.00
Settlement Method: Financially Settled
Floating Price: The Floating Price for each contract month shall be equal to the (API 4) fob Richards Bay Monthly Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (ie being the average of weekly prices during the contract month).
(1) Monthly contracts listed for the current year and the next 4 calendar years.
(2) List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading:
(1) Trading terminates on the last Friday of the contract month.
(2) If the last Friday of the contract month is not a London business day, trading terminate on the prior London business day.
Trading Hours: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)