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Mini Naphtha Cargoes CIF NWE (Argus) 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. EST) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. EST)
Minimum Price Fluctuation $0.001 per Metric Ton
Product Code CME Globex: NCF
CME ClearPort: NCF
Clearing: NCF
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years.Monthly contracts for a new calendar year will be added 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 mid-point between the high and low quotations from the Argus Media European Products report under the heading Northwest Europe Light Products "cif" for Naphtha 65 Para for each business day 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 1201
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing