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Daily European Naphtha (Platts) CIF NWE Swap Futures
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Daily European Naphtha (Platts) CIF NWE Swap Futures
Product Symbol NCN
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
Floating Price The Floating Price for each contract is equal to the daily mid-point between the high and low quotations from the Platts Crude Oil Marketwire for Northwest Europe Naphtha Physical under the heading "Cargoes CIF NWE Basis ARA" price for each business day that it is determined.
Termination of Trading Trading shall cease at the close of the business day of the daily contract.
Listed Contracts 2 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 236
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.