Daily European 1% Fuel Oil Cargoes FOB NWE (Platts)
Futures
Daily European 1% Fuel Oil Cargoes FOB NWE (Platts) 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: FCN CME ClearPort: FCN Clearing: FCN |
| Listed Contracts | Daily contracts listed for 2 calendar months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract is equal to the daily mid-point between the high and low quotations from the Platts European Marketscan for for 1% Fuel Oil under the heading "Cargoes FOB NWE" price for each business day that it is determined. |
| Termination of Trading | Trading terminates on the contract day. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
