IRON ORE 62% FE (TSI), CFR TIANJIN FUTURE19118105

Description

A monthly cash settled future based on The Steel Index (TSI) daily assessment price for Iron Ore (62% Fe, CFR Tianjin)

Market Specifications

Trading Screen Product Name
Iron Ore 62% Fe Futures (TSI)
Trading Screen Hub Name
CFR Tianjin
Contract Symbol
IOC
Contract Size
1,000 dry metric tonnes
Units of Trading
Any multiple of 1,000 dry metric tonnes
Currency
US Dollars and cents
Trading Price
One cent ($ 0.01) per dry metric tonne
Settlement Price
One tenth of one cent ($0.001) per dry metric tonne
Minimum Price Fluctuation
One tenth of one cent ($0.001) per dry metric tonne
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement Price
In respect of final settlement, the Floating Price will be a price in USD and cents per dry metric tonne based on the average of the relevant quotations published in The Steel Index’s “Iron Ore Daily Edition” under the heading “TSI Iron Ore Reference Prices”, subheading “Iron Ore Fines, Chinese Imports (CFR Tianjin Port)”, for the “62% Fe” quotation for each business day (as specified below) in the determination period.
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication Days for The Steel Index Iron Ore Daily Edition
MIC Code
IFEU
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40
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Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Metals Ferrous
Physical
IOC
Logical
IOC
GMI(FC)
R&N A.C.N.