Products & pricing
CME sets 7 December tungsten start as brokers prepare a new reporting unit
The dated listing notice gives a December timetable, while customer testing for the contract and its MTU reporting value starts on 8 November.
The companies, products and regulatory developments shaping the broker industry.
The dated listing notice gives a December timetable, while customer testing for the contract and its MTU reporting value starts on 8 November.
The proposed COMEX contract uses 88.5 metric tonne units of WO3 and a Fastmarkets APT reference. Launch remains subject to regulatory reviews, while CME’s release and FAQ use different duty-basis wording.
The planned COMEX contract will reference ammonium paratungstate pricing. The exchange’s duty-unpaid description and Fastmarkets’ duty-free assessment wording need to be reconciled in the final specification.