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Mini European FOB Rdam Marine Fuel 0.5% Barges (Platts) BALMO Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric tons
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 = $0.10
Product Code CME Globex: RBM
CME ClearPort: RBM
Clearing: RBM
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months.  BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/mt quotations from the Platts European Marketscan under the heading "Marine Fuel” for “0.5% FOB Rotterdam barge" starting from the selected start date through the end of the contract month, inclusive. 
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1409
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing