• Amendments to the Floating Price Rules of the Japan C&F Naphtha (Platts) Brent Crack Spread Futures and the Japan C&F Naphtha Dubai (Platts) Crack Spread Futures Contracts

      • #
      • MSN08-17-22
      • Notice Date
      • 17 August 2022
      • Effective Date
      • 22 August 2022
    • Effective on trade date August 22, 2022, the New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) shall amend the floating price rules of the Japan C&F Naphtha (Platts) Brent Crack Spread Futures and the Japan C&F Naphtha Dubai (Platts) Crack Spread Futures Contracts (the “Contracts”) (see SER-9031 published July 31, 2022). Specifically, the Exchange will amend the conversion factor of the Contracts from 9 barrels per metric ton to 8.9 barrels per metric ton. The conversion factor amendment will be applied to contract months commencing with the January 2023 and beyond of the Japan C&F Naphtha (Platts) Brent Crack Spread Futures contract. The conversion factor amendment will be applied to all contract months of the Japan C&F Naphtha Dubai (Platts) Crack Spread Futures contract effective August 22, 2022.

      For the full text of this notice, please see link attached below.