Gasoline Eurobob Non-Oxy NWE Barges (Argus) vs. European Naphtha CIF NWE (Platts) BALMO
Futures
Gasoline Eurobob Non-Oxy NWE Barges (Argus) vs. European Naphtha CIF NWE (Platts) BALMO Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U. S. dollars and cents per metric ton |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.001 per metric ton = $1.00 |
| Product Code | CME Globex: MCN CME ClearPort: MCN Clearing: MCN |
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance of month arithmetic average of the mid-point between the high and low quotations from Argus Media for "Eurobob Non-Oxy barges" under the heading Northwest Europe light products in the European Products Report minus the arithmetic average of the high and low quotations from the Platts European Marketscan for Northwest Europe Naphtha Physical under the heading "Cargoes CIF NWE basis ARA" price from the selected start date through to the end of the month (using non-common pricing). The Floating Price is calculated using non-common pricing convention. In calculating the spread differential the monthly average for each component leg of the spread, followed by the calculation of the spread differential between the two averages. |
| Termination of Trading | Trading terminates on the last business day of the contract month |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
