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 = $1.00 | ||||
| Product Code | CME Globex: UP5CME ClearPort: UP5Clearing: UP5 | ||||
| Listed Contracts | Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the “$/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 | ||||
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