Contract specification: Greasy Wool Futures (21 micron)
ASX 24 takes no responsibility for any errors or omissions or losses consequential or otherwise arising from actions based upon this information. The information published here does not substitute for the ASX 24 Operating Rules and in the case of inconsistency, the ASX 24 Operating Rules prevail.
|Contract Unit||The greasy equivalent of 2,500 kilograms clean weight of merino combing fleece (approximately 20 farm bales).|
|Contract Months||February, April, June, August, October, December up to 18 months ahead.|
|Minimum Price Movement||Prices are quoted in cents per kilogram clean weight. ( The minimum fluctuation of 1 cent per kilogram is equal to A$25 per contract).|
|Final Trading Day||The third Thursday of each Settlement Month, or if that day is not a Business Day then the Business Day immediately preceding the third Thursday of the Settlement Month. Trading ceases at 12.00 noon.*|
5.10 pm - 7.00 am and 10.30 am - 4.00 pm* (during US daylight saving time)#
5.10 pm - 7.30 am and 10.30 am - 4.00 pm* (during US non daylight saving time)#
|Settlement Method||The "delivery period" commences on the Friday prior to the third Thursday of the delivery month, unless that Friday is not a business day, in which case the delivery period commences on the business day immediately preceding, and in any event ends at the close of trade on the final day of trading.|
Standard Delivery: Good topmaking merino fleece with;
Fixed on the Friday prior to the last trading day for all deliverable wools above and below the standard, quoted in cents per kilogram clean.