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Mini European 1% Fuel Oil Cargoes FOB NWE (Platts) BALMO Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
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 metric ton = $0.10
Product Code CME Globex: 0C
CME ClearPort: 0C
Clearing: 0C
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from Platts European Marketscan for 1% Fuel Oil under the heading "Cargoes FOB NWE" starting from the selected start date through the end of the contract month, inclusively.
Termination Of Trading Trading terminates on the last London business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 586
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing