Asset Class Navigation

USGC Marine Fuel 0.5% Barges (Platts) vs. Gulf Coast HSFO (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 0.01 per barrel = $10.00
Product Code CME Globex: HGB
CME ClearPort: HGB
Clearing: HGB
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months.  BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/barrel quotations  from the Platts Oilgram Price Report under the heading “Marine Fuel” for “0.5% FOB Gulf Coast barge” minus the balance of month arithmetic average of the high and low quotations from the Platts Oilgram Price Report under the heading “USGC HSFO” for “U.S. Gulf Coast” starting from the selected start date through the end of the contract month, inclusive. 
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1434
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing