Natural Gasoline, OPIS Mt. Belvieu Non-TET vs Naphtha CIF NWE Cargoes (Platts) Future59293833
ICE Futures U.S.
Natural Gasoline, OPIS Mt. Belvieu Non-TET vs Naphtha CIF NWE Cargoes (Platts) Future
Description
A monthly cash settled future based on the difference between the OPIS daily assessment price for Mt. Belvieu Non-TET Natural Gasoline and the Platts daily assessment price for Naphtha CIF NWE Cargoes.
Market Specifications
- Trading Screen Product Name
- Natgaso OPIS/Naphtha Diff Futures
- Trading Screen Hub Name
- MT.B-ENT/Naphtha CIF NWE Cg (Platts)
- Contract Symbol
- GCY
- Contract Size
- 1,000 barrels (42,000 gallons)
- Unit of Trading
- Any multiple of 1,000 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One hundredth of one cent (¢0.01) per gallon
- Settlement Price Quotation
- One thousandth of one cent (¢0.001) per gallon
- Minimum Price Fluctuation
- One thousandth of one cent (¢0.001) per gallon
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per gallon based on the difference between the average of the “Avg” quotations appearing in the “OPIS North America LPG Report” under the heading “OPIS Mont Belvieu Spot Gas Liquids Prices (cts/gal)” subheading “Any Current Month” for “Non-TET N. Gasoline” and the average of the “Mid” quotations appearing in the “Platts European Marketscan” under the heading “Northwest Europe cargoes” subheading “CIF NWE/Basis ARA” for “Naphtha” for each business day (as specified below) in the determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 373.8 gallons (for Naphtha) - Contract Series
- Up to 48 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for OPIS North America LPG Report and Platts European Marketscan
- 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 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Am Ref Diff bbl
- Physical
- GCY
- Logical
- GCY
- GMI (FC)
- BI
- ION A.C.N.
- Symbol Code
- GCY