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1% Fuel Oil Barges FOB Rdam (Platts) vs. 1% Fuel Oil Cargoes FOB NWE (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.001 per metric ton
Product Code CME Globex: EBE
CME ClearPort: EBF
Clearing: EBF
Listed Contracts One contract month, and the next contract month will be listed ten business days before the start of the contract month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point between the high and low quotations from the Platts European Marketscan for 1% Fuel Oil under the heading “Barges FOB Rotterdam” minus the mid-point of the high and low quotations from Platts European Marketscan for 1% Fuel Oil under the heading “Cargoes FOB NWE” starting from the selected start date through the end of the contract month, inclusively.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 664
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing