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ICE Futures Europe

Battery Materials Outright - Spodumene CIF China (Fastmarkets) Future

Description

A monthly cash settled future based on the Fastmarkets daily assessment price for spot Spodumene CIF China.

Market Specifications

Trading Screen Product Name
Battery Materials Futures
Trading Screen Hub Name
Spodumene CIF China (Fastmarkets)
Contract Symbol
SPN
Contract Size
10 metric tonnes
Unit of Trading
Any multiple of 10 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One cent ($0.01) per metric tonne
Minimum Price Fluctuation
One cent ($0.01) per 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
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments as made public by Fastmarkets for “Spodumene Min 6% Li2O, spot price, cif China, $/tonne” for each business day (as specified below) in the determination period.
Contract Series
Up to 72 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Fastmarkets.
MIC Code
IFEU
Clearing Venues
ICEU

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
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Battery Mats
Physical
SPN
Logical
SPN
GMI (FC)
ION A.C.N.
Symbol Code
SPN