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Methanol FOB Houston (Argus) Futures Contract Specs

    Effective Sunday 16 December 2018 for trade date Monday 17 December 2018, and pending all relevant regulatory review periods, please be advised that NYMEX will launch Methanol FOB Houston (Argus) Futures.

Contract Unit 42,000 gallons
Price Quotation U.S. cents per gallon
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 0.25 cents per gallon = $105.00
Product Code CME Globex: MTH
CME ClearPort: MTH
Clearing: MTH
Listed Contracts Monthly contracts listed for the current year and the next calendar year. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the arithmetic average of the daily index (fob Houston barge in U.S. cents per gallon) published in respect of the contract month by Argus in the Methanol Daily report for each day that it is published during the Settlement Period.
The ‘Settlement Period’ for a specified contract month shall be the one month period that starts on, and includes, the calendar day that is 5 calendar days prior to the first calendar day in the contract month, and ends on, and includes, the calendar day that is 6 calendar days prior to the first calendar day of the calendar month following the contract month.
Termination Of Trading Trading terminates on the 5th last day of the contract month. If this is not an business day, trading terminates on the prior business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 985
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing