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Singapore 380cst 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 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: SMW
CME ClearPort: SMW
Clearing: SMW
Listed Contracts Weekly contracts listed for 12 consecutive 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 380cst 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 380cst 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 Trading terminates the last Singapore business day of the month after the month of the Monday in the contract  week.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 839
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing