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Singapore 180cst Fuel Oil (Platts) Mini Weekly Spread Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/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
Product Code CME Globex: SDM
CME ClearPort: SDM
Clearing: SDM
Listed Contracts Weekly contracts listed for twelve consecutive calendar months.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract week is equal to the average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 180cst HSFO for the contract’s reference week minus the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 180cst HSFO for each business day during the contract reference month. The contract's reference month shall be the calendar month following the calendar month containing the Monday of the contract's reference week.
Termination Of Trading Last Singapore business day in the calendar month following the calendar month of the Monday of the contract reference week
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 470
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing