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Singapore Gasoil 500 ppm (Platts) BALMO Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
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 barrel = $1.00
Product Code CME Globex: GHB
CME ClearPort: GHB
Clearing: GHB
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations of “Gasoil .05% S (500ppm) FOB Spore Cargo" by Platts  for each business day during the contract month starting from the selected start date through the end of the month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1302
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing