Asset Class Navigation

Singapore Jet Kerosene (Platts) vs. 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
Product Code CME Globex: RHB
CME ClearPort: RHB
Clearing: RHB
Listed Contracts Monthly contracts listed for the current month and the next 2 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 "Jet Kero FOB Spore Cargo" by Platts minus the 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 that both are determined during the contract month starting from the selected start date through the end of the month. (using Non-common pricing).
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1327
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing