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USGC Marine Fuel 0.5% Barges (Platts) (mt) Futures Contract Specs

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 = $1.00
Product Code CME Globex: UP5
CME ClearPort: UP5
Clearing: UP5
Listed Contracts Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year  following the termination of trading in the December contract of the current year
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the “$/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