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MTBE FOB Singapore (Platts) Futures Contract Specs

Contract Unit 100 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 0.01 per metric tons = $1.00
Product Code CME Globex: 1NM
CME ClearPort: 1NM
Clearing: 1NM
Listed Contracts Monthly contracts listed for 36 consecutive months.Monthly contracts for a new month will be added following the termination of trading in the front month contract.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations for MTBE FOB Singapore published by Platts for each day that is determined during the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Exchange Rulebook NYMEX 725
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing