CME NYMEX: PIO Iron Ore 62% Fe CFR North China (Platts) Futures prices chart

Iron Ore 62% Fe CFR North China (Platts) Futures (CME NYMEX: PIO) Contract Specifications

Contract Unit: 500 dry metri
Price Quotation: U.S. dollars and cents
Minimum Price Fluctuation: $0.01 per dry metric ton
Settlement Method: Financially Settled

Listed Contracts: Current year plus the next two calendar years

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 Platts.

Termination of Trading: Trading terminates on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar. If the last business day of the contract month is a Singapore public holiday, the last trade date will be the business day immediately preceding the holiday.

Trading Hours:
Sunday – Friday 6:00 p.m. – 5:00 p.m. (5:00 p.m. – 4:00 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
London
Singapore