GULF COAST HSFO (PLATTS) CRACK SPREAD BALMO FUTURES - CONTRACT SPECS
| Contract Unit | 1,000 barrels | ||||
| Price Quotation | U.S. dollars and cents per barrel | ||||
| 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 barrel = $1.00 | ||||
| Product Code | CME Globex: GFCCME ClearPort: GFCClearing: GFC | ||||
| Listed Contracts | Monthly BALMO contracts listed for the current month and the following month listed 10 business days prior to the start of the contract month | ||||
| 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 between the high and low quotations from Platts Oilgram Price Report for Gulf Coast HSFO minus the NYMEX Light Sweet Crude Oil Futures first nearby contract month settlement price 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 218 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
Quick Links
Other Energy Products
Tools
Email Subscriptions
- Natural Gas
- Crude Oil
Essentials
Contact Us
© 2021 CME Group Inc. All rights reserved.