Asset Class Navigation

Japan C&F Naphtha Dubai (Platts) Crack Spread Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation $ per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/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
Product Code CME Globex: JNC
CME ClearPort: JNC
Clearing: JNC
Listed Contracts Current year and the next year for ALL venues
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between high and low quotations from the Platts Asia Pacific/Arab Gulf Marketscan for Naphtha under the heading "C&F Japan" for each business day that it is determined during the contract month minus the arithmetic average of the mid-point between the high and low quotations from Platts Crude Oil Marketwire for the Dubai front month price, for each business day that it is determined during the contract month.
 
For All Contract Months up to and Including May 2018:  For purposes of determining the Floating Price, the Platts Naphtha assessment price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest tenth of a cent. The conversion factor will be 8.9 barrels per metric ton.
 
For All Contract Months Commencing with the June 2018 Contract Month and Beyond:   For purposes of determining the Floating Price, the Platts Naphtha assessment price will be converted each day to U.S. dollars and cents per barrel, rounded to the nearest tenth of a cent. The conversion factor will be 9.0 barrels per metric ton.
Termination Of Trading Last Singapore business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 865
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing