USGC Marine Fuel 0.5% Barges (Platts) (mt) vs. European FOB Rdam Marine Fuel 0.5% Barges (Platts)
Futures
USGC Marine Fuel 0.5% Barges (Platts) (mt) vs. European FOB Rdam Marine Fuel 0.5% Barges (Platts) Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 0.001 per metric ton = $1.00 |
| Product Code | CME Globex: UPM CME ClearPort: UPM Clearing: UPM |
| Listed Contracts | Monthly contracts listed for the current year and next 3 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the $/mt quotations from Platts US Marketscan under the heading “Marine Fuel” for “0.5% FOB Gulf Coast barge” minus the arithmetic average of the $/mt quotations from the Platts European Marketscan under the heading “Marine Fuel” for “0.5% FOB Rotterdam barge” 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 |
