australian coking coal futures - cme group · australian coking coal futures the metals risk...
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Australian Coking Coal Futures
The Metals Risk Management MarketplaceNYMEX and COMEX are a part of CME Group, the world’s largest
and most diverse derivatives marketplace. Our Metals complex,
comprised of precious, base and ferrous metals contracts, includes
full, mini and micro sized contracts. These metals markets combine
a unique volatility trading opportunity with an effective means for
risk management. And with average daily volume of approximately
400,000 futures and options contracts traded, our Metals markets
are the most liquid in the world for these products.
Australian Coking Coal Products• Australian Coking Coal (Argus) Low Vol futures
• Australian Coking Coal (Platts) futures
• Australian Coking Coal (Platts) Low Vol futures
Transparency, Flexibility, Security• Take advantage of a central point of price discovery, price
transparency, risk management, mitigation of counterparty credit
risk and CFTC oversight
• Manage forward price commitments separate of physical
supply contracts
• Clear OTC transactions through CME ClearPort, with unparalleled
flexibility to conduct OTC business, and negotiate prices while
maintaining the benefits of central counterparty clearing
• Virtually eliminate counterparty credit risk with centralized
clearing — CME Clearing essentially becomes the buyer to every
seller and the seller to every buyer
• Increase your available hedging instruments across the entire
supply chain for finished steel products
METALS
The ferrous market, by almost any measure, is the second-largest commodity market by volume after crude oil. As a key component in steel
manufacturing, coking coal is a natural fit as part of CME Group’s growing suite of risk management products targeted to the ferrous industry.
Available on the New York trading floor and for over-the-counter (OTC) clearing through CME ClearPort, the Australian Coking Coal products
provide market users the tools to address price volatility and assist in price risk management.
For more information on our Metals products, visit cmegroup.com/metals.
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Australian Coking Coal (Platts) Mid Vol futures
Australian Coking Coal (Platts) Low Vol futures
Australian Coking Coal (Argus) Low Vol futures
Create a free account to view real-time quotes at cmegroup.com/metalsquotes.For more information on our Metals products, visit cmegroup.com/metals or contact:
Singapore Lawrence Leong +65 6593 5564 [email protected]
Michelle Zhang +65 6593 5586 [email protected]
New York Patricia Cauley +1 212 299 2346 [email protected]
London James Oliver +44 207 796 7116 [email protected]
Contract Specifications
Australian Coking Coal (Platts) Futures
Product Symbol ACL
Venue CME ClearPort, Open Outcry (New York)
Trading Hours
(All Times Listed in
New York Time/ET)
CME ClearPort:
Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at
5:15 p.m. (4:15 p.m. CT)
Open Outcry:
Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Size 1,000 metric tons ($10.00 per contract)
Price Quotation U.S. Dollars and Cents per metric ton
Minimum Fluctuation $0.01 per metric ton ($10.00 per contract)
Floating PriceThe Floating Price for each contract month is equal to the average price calculated for all available price assessments published
for “Hard Coking Coal (HCC 64 Mid Vol) FOB Australia” for that given calendar month by Platts (Platts).
Termination of Trading Trading terminates on the last business day of the contract month (follows the Singapore calendar).
Listed Contracts Trading is conducted in the current year and the next full year up to 24 consecutive months.
Settlement Type Financial
Rulebook Chapter 971
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Australian Coking Coal (Platts) Low Vol Futures
Product Symbol ALW
Venue CME ClearPort, Open Outcry (New York)
Trading Hours
(All Times Listed in
New York Time/ET)
CME ClearPort:
Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at
5:15 p.m. (4:15 p.m. CT)
Open Outcry:
Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Size 1,000 metric tons ($10.00 per contract)
Price Quotation U.S. Dollars and Cents per metric ton
Minimum Fluctuation $0.01 per metric ton
Floating PriceThe Floating Price for each contract month is equal to the average price calculated for all available price assessments published
for “Hard Coking Coal (Premium Low Vol) FOB Australia for that given calendar month by Coal Trader International (Platts).
Termination of Trading Trading terminates on the last business day of the contract month (follows the Singapore calendar).
Listed Contracts Trading is conducted in the current year and the next full year up to 24 consecutive months.
Settlement Type Financial
Rulebook Chapter 1111
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Australian Coking Coal (Argus) Low Vol Futures
Product Symbol ACR
Venue CME ClearPort, Open Outcry (New York)
Trading Hours
(All Times Listed in
New York Time/ET)
CME ClearPort:
Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at
5:15 p.m. (4:15 p.m. CT)
Open Outcry:
Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Size 1,000 metric tons ($10.00 per contract)
Price Quotation U.S. Dollars and Cents per metric ton
Minimum Fluctuation $0.01 per metric ton
Floating PriceThe Floating Price for each contract month is equal to the average price calculated for all available price assessments published
for Metallugical Coal FOB Australia for that given calendar month by Argus Coal Daily International (Argus).
Termination of Trading Trading terminates on the last business day of the contract month (follows the UK calendar).
Listed Contracts Trading is conducted in the current year and the next full year up to 24 consecutive months.
Settlement Type Financial
Rulebook Chapter 1110
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
MT054/0/1012
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Chicago Mercantile Exchange, Globex, and CME Direct are trademarks of Chicago Mercantile Exchange Inc. ClearPort, New York Mercantile Exchange and NYMEX are registered trademarks of New York Mercantile Exchange, Inc. The information within this fact card has been compiled by CME Group for general purposes only. Although every attempt has been made to ensure the accuracy of the information within this brochure, CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience.
All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT and NYMEX rules. Current rules should be consulted in all cases concerning contract specifications.
Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. All examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience.
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