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European 3.5% Fuel Oil Barges Fob Rdam (Platts) Mini Weekly Spread Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation $0.001 per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.001 per metric ton
Product Code CME Globex: EMW
CME ClearPort: EMW
Clearing: EMW
Listed Contracts weekly contracts listed for twelve consecutive calendar months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract week is equal to the average of the mid-points of the high and low quotations from the Platts European Marketscan for 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" for the contract’s reference week minus the arithmetic average of the high and low quotations from the Platts European Marketscan for 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" for each business day during the contract's reference month. The contract's reference month shall be the calendar month following the calendar month containing the Monday of the contract's reference week.
Termination Of Trading Last London business day in the calendar month following the calendar month of the Monday of the contract reference week.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 863
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing