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Singapore Fuel Oil 180 cst (Platts) vs. 380 cst (Platts) Futures Contract Specs

Product Symbol SD
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 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.
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 Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 667
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.