East-West Naphtha: Japan C&F vs. Cargoes CIF NWE Spread (Platts)
Futures
East-West Naphtha: Japan C&F vs. Cargoes CIF NWE Spread (Platts) Futures - Contract Specs
| Contract Unit | 1,000 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 = $1.00 |
| Product Code | CME Globex: EWN CME ClearPort: EWN Clearing: EWN |
| Listed Contracts | Monthly contracts listed for 36 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from the Platts for Naphtha under the heading "C&F Japan" 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" for each business day that it is determined during the contract month. |
| Termination of Trading | Trading terminates on the last Singapore and London business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
