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Micro European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures Contract Specs

Contract Unit 10 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 = $0.01
Product Code CME Globex: MEF
CME ClearPort: MEF
Clearing: MEF
Listed Contracts Monthly contracts listed for the current year and 5 calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in  the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts European Marketscan for 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" assessment for each business day that it is determined during the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1059
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing