Propane, Argus Far East Index vs Naphtha C+F Japan (Platts) Balmo Future53168959
ICE Futures U.S.
Propane, Argus Far East Index vs Naphtha C+F Japan (Platts) Balmo Future
Description
A balance of the month cash settled future based upon the mathematical result of subtracting the average of the daily prices published by Platts Asia-Pacific/Arab Gulf Marketscan for the location specified in Reference Price B from the average of the daily prices published by Argus International LPG for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Propane Argus/Naphtha Diff Futures (balmo)
- Trading Screen Hub Name
- Far East/Naphtha C&F Japan
- Contract Symbol
- ABK
- Settlement Method
- Cash settlement
- Contract Size
- 1,000 metric tonnes
- Currency
- US Dollars and cents
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per metric tonne
- Listing Cycle
- Up to 2 months of balance-of-month Contract Periods
- Last Trading Day
- Last Trading Day of the contract month
- Final Settlement
- The average of the Reference Price A prices minus the average of the Reference Price B prices. Non-common pricing applies.
- REFERENCE PRICE A
- NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG
- a) Ref Price A - Description
- "NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG " means that the price for a Pricing Date will be that day's Specified Price per tonne of propane, stated in U.S. Dollars, published under the heading "Asia-Pacific: Refrigerated cargoes: Argus Far East Index™ (AFEI™): Propane" in the issue of Argus International LPG that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- Price
- d) Ref Price A - Pricing calendar
- Argus International LPG
- e) Ref Price A - Delivery Date
- Contract month
- REFERENCE PRICE B
- NAPHTHA-PHYSICAL-OIL ASSESSMENTS C+F JAPAN-PLATTS ASIA-PACIFIC/ARAB GULF MARKETSCAN
- a) Ref Price B - Description
- "NAPHTHA-PHYSICAL-OIL ASSESSMENTS C+F JAPAN-PLATTS ASIA-PACIFIC/ARAB GULF MARKETSCAN" means that the price for a Pricing Date will be that day's Specified Price per metric tonne of naphtha, stated in U.S. Dollars, published under the heading " Japan physical oil assessments: C+F Japan ($/mt): Naphtha" in the issue of Platts Asia-Pacific/Arab Gulf Marketscan that reports prices effective on that Pricing Date.
- b) Ref Price B - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price B - Specified Price
- Price
- d) Ref Price B - Pricing Calendar
- Platts Asia-Pacific/Arab Gulf Marketscan
- e) Ref Price B - Delivery Date
- Contract month
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- NGL Master
- Physical
- ABK
- Logical
- ABK
- GMI (FC)
- M3
- ION A.C.N.
- Symbol Code
- ABK