CME COMEX: SHR U.S. Midwest Shredded Scrap (Platts) Futures prices chart

U.S. Midwest Shredded Scrap (Platts) Futures (CME COMEX: SHR) Contract Specifications

Product Code: CME Globex: SHR, CME ClearPort: SHR, Clearing: SHR

Contract Unit: 20 gross tons(gt)
Price Quotation: U.S. dollars and cents per gross ton
Minimum Price Fluctuation: 1.00 per gross ton = $20.00
Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for 24 consecutive months.A monthly contract will be added following the termination of trading in the spot month contract.

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 last business day of the first week, that begins on a Monday, of the contract month.

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)
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