Asset Class Navigation

European FOB Rdam Marine Fuel 0.5% Barges (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 = $1.00
Product Code CME Globex: R5B
CME ClearPort: R5B
Clearing: R5B
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months.  BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/mt quotations from Platts European Marketscan for "Marine Fuel 0.5% Barge" under the heading "Barges FOB Rotterdam" assessment starting from the selected start date through the end of the contract month, inclusive.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1404
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing