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Mini 1% Fuel Oil Cargoes CIF NWE (Platts) Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation USD per metric ton
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 metric ton
Product Code CME Globex: MFP
CME ClearPort: MFP
Clearing: MFP
Listed Contracts Current year and the next 2 consecutive years
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 1% Fuel Oil under the heading "Cargoes CIF NWE Basis ARA" for each business day that it is determined during the contract month.
Termination Of Trading Last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 991
Block Minimum Block Minimum Thresholds