Mini 1% Fuel Oil Cargoes CIF NWE (Platts) Futures - Contract Specs
| Contract Unit | 100 metric tons |
|---|---|
| Price Quotation | USD per metric ton |
| Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/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 |
| Product Code | CME Globex: MFP CME ClearPort: MFP Clearing: MFP |
| Listed Contracts | Current year and the next 2 consecutive years |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from the Platts European Marketscan for 1% Fuel Oil under the heading "Cargoes CIF NWE Basis ARA" for each business day that it is determined during the contract month. |
| Termination of Trading | Last business day of the contract month |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum |
