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Singapore Fuel Oil 180 cst (Platts) vs. 380 cst (Platts) 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: SD
CME ClearPort: SD
Clearing: SD
Listed Contracts Monthly contracts shall be listed for the current calendar year plus a further 5 consecutive calendar years. An additional 12 monthly contracts shall be added on the 1st business day of January each year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 180cst High Sulfur Fuel Oil (Waterborne Cargo) price minus the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 380cst HSFO for each business day during the contract month (using Non-common pricing).
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 667
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing