Contract Unit
|
1,000 metric tons |
Price Quotation
|
U.S. dollars and cents per metric ton |
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 metric ton = $1.00
|
Product Code
|
CME Globex: UP5CME ClearPort: UP5Clearing: UP5
|
Listed Contracts
|
Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year
|
Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month is equal to the arithmetic average of the “$/metric ton” quotations from the Platts US Marketscan under the heading “Marine Fuel” for “0.5% FOB US Gulf Coast barge" for each business day that it is determined during the contract month. |
Termination Of Trading
|
Trading terminates on the last business day of the contract month.
|
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1413 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |