Mini Middle East HSFO 180 cst FOB Arab Gulf (Platts) BALMO
Futures
Mini Middle East HSFO 180 cst FOB Arab Gulf (Platts) BALMO Futures - Contract Specs
| Contract Unit | 100 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | 0.001 per metric ton = $0.10 |
| Product Code | CME Globex: MGS CME ClearPort: MGS Clearing: MGS |
| 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 of high and low quotations from the Platts Asia-Pacific/Arab Gulf Marketscan for Middle East physical oil assessments under the heading "HSFO 180 CST FOB Arab Gulf" price 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 | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
