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| Trading Unit |
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| 1,550 tons of coal. |
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| Price Quotation |
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| U.S. dollars and cents per ton. |
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| Trading Hours (All times are New York time) |
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| The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Trading Months |
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| The current year and the next four years. Contracts for each new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Minimum Price Fluctuation |
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| $0.01 (1¢) per ton ($15.50 per contract). |
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| Last Trading Day |
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| Trading terminates on the fourth to last business day of the month prior to the delivery month. |
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| Delivery |
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| Delivery shall be made F.O.B. buyer's barge at seller's delivery facility on the Ohio River between Mileposts 306 and 317, or on the Big Sandy River, with all duties, entitlements, taxes, fees, and other charges imposed prior to delivery paid by the seller. There will be a discount of $0.10 (10¢) per ton below the final settlement price for any delivery to a terminal on the Big Sandy River. |
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| Contract Delivery Unit |
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| The seller shall deliver 1,550 tons of coal per contract. A loading tolerance of 60 tons or 2%, whichever is greater, over the total number of contracts delivered is permitted. |
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| Heat Content |
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| Minimum of 12,000 Btus per pound, gross calorific value, with an analysis tolerance of 250 Btus per pound below. |
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| Ash Content |
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| Maximum of 13.50% by weight with no analysis tolerance. |
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| Sulfur Content |
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| Maximum of 1.00%, with analysis tolerance of 0.050% above. |
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| Moisture Content |
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| Maximum of 10.00%, with no analysis tolerance. |
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| Volatile Matter |
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| Minimum of 30.00%, with no analysis tolerance. |
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| Hardness/Grindability |
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| Minimum 41 Hardgrove Index with three point analysis tolerance below. Hardness measures how difficult it is to pulverize coal for injection into the boiler flame. |
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| Size |
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| Three inches topsize, nominal, with a maximum of 55% passing one-quarter-inch-square wire cloth sieve or smaller, to be determined on the basis of the primary cutter of the mechanical sampling system. |
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| Exchange of Futures for Physicals (EFP) |
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| The buyer or seller may exchange a futures position for a physical position of equal quantity/quality by submitting a notice to the Exchange. EFPs may be used either to initiate or liquidate a futures position. The EFP deadline is 10:00 AM (New York time) on the first business day following termination of trading. |
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| Margin Requirements |
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| Margins are required for open futures positions. |
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| Trading Symbol |
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| QL |
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