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Singapore Fuel Oil 380 cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 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 0.01 per metric ton = $10.00
Product Code CME Globex: SFB
CME ClearPort: SFB
Clearing: SFB
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is Balance of Month arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Arab Gulf (APAG) Scan for Singapore 380CST Residual Fuel oil (Waterborne Cargo) minus the arithmetic average of the high and low quotations from the Platts European Marketscan for 3.5% Fuel oil under the heading "Barges FOB Rotterdam" 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 250
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing