CME NYMEX: CMS Methanol CFR China Specific Origin (ICIS) Futures prices chart

Methanol CFR China Specific Origin (ICIS) Futures (CME NYMEX: CMS) Contract Specifications

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

Contract Unit: 100 metric tons
Price Quotation: U.S. dollars and cents per metric ton
Minimum Price Fluctuation: 0.01 per metric tons = $1.00
Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for current year and the next calendar year.List monthly contracts for a new calendar year following the termination of trading in the December contract of the curent year.

Floating Price: The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from ICIS publication for "Methanol CFR China Assessment Specific Origins Spot Weekly" for each business day that the Floating Price is determined during the contract month.

Termination of Trading:
(1) For January to November contract months: Trading terminates at the close of trading on the last Friday of the contract month. If such Friday is not an Exchange business day, trading terminates on the business day immediately prior.
(2) For the December contract month: Trading terminates at the close of trading on the last Friday prior to the 25th calendar day of the month. If such Friday is not an Exchange business day, trading terminates on the business day immediately prior.

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