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European Naphtha Cargoes CIF NWE (Platts) Average Price Option Contract Specs

Contract Unit 1,000 metric tons
Minimum Price Fluctuation 0.001 per metric ton = $1.00
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)
Product Code CME Globex: NWE
CME ClearPort: NWE
Clearing: NWE
Listed Contracts Monthly contracts listed for 12 consecutive months
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1213
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying European Naphtha Cargoes CIF NWE (Platts) Futures