Asset Class Navigation

Singapore Gasoline 92 Unleaded (Platts) vs Gasoline Eurobob Non-Oxy NWE Barges (Argus) 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: SGF
CME ClearPort: SGF
Clearing: SGF
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price For all contract months prior to July 2019, the Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific/Arab Gulf Marketscan for Gasoline 92 unleaded under the heading Singapore minus the arithmetic average of the mid-point of the high and low quotations for Argus Media for Gasoline Eurobob Non-Oxy NWE Barges for each business day that each assessment is determined during the contract month (using non-common pricing).

For all contract months commencing with July 2019 and beyond, the Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific/Arab Gulf Marketscan for Gasoline 92 unleaded (reflecting the new specification) under the heading Singapore minus the arithmetic average of the mid-point of the high and low quotations for Argus Media for Gasoline Eurobob Non-Oxy NWE Barges for each business day that each assessment is determined during the contract month (using non-common pricing).

In all cases, for the purpose of determining the Floating Price, the Argus Gasoline Eurobob Non-Oxy assessment will be converted each day to U.S dollars and cents per barrel, rounded to the nearest cent using a conversion factor of 8.33 barrels per metric ton.

The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each component leg of the spread shall be calculated by using all trading days in the month for each component leg of the spread, followed by the calculation of the spread differential between the two averages.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1032
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing