Singapore Fuel Oil 380 cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO
Futures
Singapore Fuel Oil 380 cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO 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 | 0.01 per metric ton = $10.00 |
| Product Code | CME Globex: SFB CME ClearPort: SFB Clearing: SFB |
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is Balance of Month arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Arab Gulf (APAG) Scan for Singapore 380CST Residual Fuel oil (Waterborne Cargo) minus the arithmetic average of the high and low quotations from the Platts European Marketscan for 3.5% Fuel oil under the heading "Barges FOB Rotterdam" starting from the selected start date through the end of the contract month inclusive |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
