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Argus Propane Far East Index vs. Japan C&F Naphtha (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
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 metric ton
Product Code CME Globex: 3NB
CME ClearPort: 3NB
Clearing: 3NB
Listed Contracts Monthly contracts listed for the current month and the next two months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month average of the mid-point of the high and low quotations from the Argus Media for Propane Far East Index minus the balance-of-month arithmetic average of the high and low quotations from Platts Asia Pacific/Arab Gulf Marketscan for Naphtha under the heading "C&F Japan" from the selected start date through the end of the contract month, inclusively.

The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the balance-of-month average for each component leg of the spread shall be calculated by using all trading days in the pricing period for each component leg of the spread, followed by the calculation of the spread differential between the two averages.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1292
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing