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European Diesel 10ppm Barges FOB ARA (Platts) vs. NY Harbor ULSD Futures Contract Specs

Contract Unit 1,000 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 = $1.00
Product Code CME Globex: EL1
CME ClearPort: EL1
Clearing: EL1
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from the "Platts European Marketscan" under the heading "Northwest Europe barges" subheading "FOB Rotterdam" for Diesel 10ppm" minus the first line NYMEX New York ULSD Futures settlement price for each business day during the contract month (using Non-Common pricing)
Termination Of Trading Trading terminates on the last London business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 858
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing