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

Contract Unit 100 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 = $0.10 
Product Code CME Globex: R5M
CME ClearPort: R5M
Clearing: R5M
Listed Contracts Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year  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 $/mt quotations from the Platts European Marketscan under the heading “Marine Fuel” for "0.5% FOB Rotterdam barge” for each business day that it is determined during the contract month.
Termination Of Trading Trading terminates on the last London business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1406
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing