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Daily European 1% Fuel Oil Cargoes FOB NWE (Platts) Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 per metric ton = $0.10
Product Code CME Globex: FCN
CME ClearPort: FCN
Clearing: FCN
Listed Contracts Daily contracts listed for 2 calendar months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract is equal to the daily mid-point between the high and low quotations from the Platts European Marketscan for for 1% Fuel Oil under the heading "Cargoes FOB NWE" price for each business day that it is determined.
Termination Of Trading Trading terminates on the contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 239
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing