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Singapore FOB Marine Fuel 0.5% (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric tons
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 = $1.00
Product Code CME Globex: S5B
CME ClearPort: S5B
Clearing: S5B
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months.  BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/mt quotations from the Platts Asia-Pacific Marketscan for "Singapore FOB Marine Fuel 0.5%" price starting from the selected start date through the end of the contract month, inclusive. 
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1405
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing