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Micro Gasoil 0.1% Barges FOB ARA (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: M1B
CME ClearPort: M1B
Clearing: M1B
Listed Contracts Monthly contracts listed for 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from the Platts European Marketscan for Gasoil 0.1% under the heading "Barges FOB Rotterdam" 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 534
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing