CME NYMEX: MT2 Methanol T2 FOB Rdam (ICIS) Futures prices chart

Methanol T2 FOB Rdam (ICIS) Futures (CME NYMEX: MT2) Contract Specifications

Product Code: CME Globex: MT2, CME ClearPort: MT2, Clearing: MT2

Contract Unit: 100 Metric Tons
Price Quotation: Euro and Cents per Metric Ton

Minimum Price Fluctuation:
(1) Daily Settlement: €0.50 per metric ton
(2) Final Settlement: €0.01 per metric ton

Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for the current year and the next calendar year. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.

Floating Price: The Floating Price for each contract month is equal to the arithmetic average of the mid-points of the week’s “Spot range assessment” for the Methanol Spot Price (FOB RDAM T2 in EUR/MT) in all weekly ICIS Europe methanol reports published during the contract month.

Termination of Trading: Trading terminates on the last Friday of the contract month.If such Friday is not an Exchange business day, the contract will terminate on the Exchange business day immediately prior.

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)