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1% Fuel Oil Cargoes CIF MED (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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Minimum Price Fluctuation $0.001 per metric ton
Product Code CME Globex: AOB
CME ClearPort: FOB
Open Outcry: FOB
Clearing: FOB
Listed Contracts 1 month and the following month for 10 business days prior to the start of the contract month.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is the balance-of-month arithmetic average of the mid-point between the high and low quotations from Platts European Marketscan for 1% Fuel Oil under the heading "Cargoes CIF Med Basis Genoa/Lavera" starting from the selected start date through the end of the contract month, inclusive.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1194
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing