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Ethanol T2 FOB Rdam Including Duty (Platts) BALMO Futures Contract Specs

    S&P Global Platts are making a change to their Ethanol T2 FOB Rotterdam assessment effective January 4, 2021, Please be aware of the planned changes and see the Exchange notice that has been issued.

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Contract Unit 100 cubic meters
Price Quotation Euro and cents per cubic meter
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.001 per cubic meter = €0.10
Product Code CME Globex: Z1B
CME ClearPort: Z1B
Clearing: Z1B
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the Balance of Month arithmetic average of the mid-point of the high and low quotations from Platts Biofuelscan for the “Ethanol T2 FOB Rotterdam (Eur/cu m)” assessment for each business day that it is determined during the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 192
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing