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UCO T1 CIF ARA Excluding Duty (PRIMA) Futures Contract Specs

Contract Unit 100 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 0.001 per metric ton = $0.10
Product Code CME Globex: UCE
CME ClearPort: UCE
Clearing: UCE
Listed Contracts Monthly contracts listed for 12 consecutive months  
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from Prima Daily Low Carbon Fuels Report for T1 UCO non-EU under the heading for Europe for "T1 Non-EU UCO CIF ARA” for each business day that the Floating Price is determined during the contract month.
Termination Of Trading Trading terminates on the last London and U.S. business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1267
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing