| Daily European Naphtha CIF NWE (Platts) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | NCP | ||||
| Venue | CME Globex, CME ClearPort, Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | 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) | |||
| 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 | CME ClearPort and Open Outcry: | 2 consecutive months | |||
| CME Globex: | 1 month | ||||
| 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. | ||||