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Mini Middle East Naphtha FOB Arab Gulf (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: MNE
CME ClearPort: MNE
Clearing: MNE
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 mid-point of the high and low quotations from the Platts Asia-Pacific/Arab Gulf Marketscan for Middle East physical oil assessments under the heading "Naphtha FOB Arab Gulf" price 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 1171
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing