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: GNBCME ClearPort: GNBClearing: GNB
|
Listed Contracts
|
Monthly contracts listed for 3 consecutive months.Following the termination of the front month contract, a new contract month would be added.
|
Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month is equal to the Balance of Month arithmetic average of the mid-point of the high and low quotations from the Argus Media European Products Report under the heading Northwest Europe Light Products barges for Eurobob non-oxy for each business day that it is determined during the contract month,starting from the selected date through the end of the contract month inclusive.. |
Termination Of Trading
|
Trading terminates on the last business day of the contract month.
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Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1028 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |