- Trading Screen Product Name
- Ammonia Futures
- Trading Screen Hub Name
- Ammonia CFR NWE (Platts)
- Contract Symbol
AOC
- Contract Size
100 metric tonnes
- Unit of Trading
Any multiple of 100 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Last Thursday of the contract month. If such a Thursday is not a
business day, then the Last Trading Day will be the business day
prior, the same as the publication date of the Platts Fertecon
Ammonia Report.
The December contract month Last Trading Day will be the Thursday
prior to Christmas Day.
- 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
In respect of final settlement, the Floating Price will be a price
in US Dollars and cents per metric tonne based on the average of
the mean of the high and low quotations appearing in the weekly
“Platts Fertecon Ammonia” report under the heading
“Ammonia price indications” subheading “CFR
prices” for “NW Europe (duty paid/duty free)” for
each business day in the determination period.
- Contract Series
Up to 36 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Fertecon Ammonia Daily
- MIC Code
- IFEU
- Clearing Venues
- ICEU