Fuel Oil Diff - Marine Fuel 0.5% USGC Barges (Platts) vs Marine Fuel 0.5% FOB Rotterdam Barges (Platts) Balmo Future (in Bbls)83045086
ICE Futures U.S.
Fuel Oil Diff - Marine Fuel 0.5% USGC Barges (Platts) vs Marine Fuel 0.5% FOB Rotterdam Barges (Platts) Balmo Future (in Bbls)
Description
A balance of the month cash settled future based on the difference between the Platts daily assessment price for 0.5% FOB US Gulf Coast Barges Marine Fuel and the Platts daily assessment price for 0.5% FOB Rotterdam Barges Marine Fuel.
Market Specifications
- Trading Screen Product Name
- Fuel Oil Crack Futures (bbl) (balmo)
- Trading Screen Hub Name
- Marine Fuel 0.5% FOB USGC Bg (Platts)/0.5% FOB Rotterdam Bg (Platts)
- Contract Symbol
- MGH
- Contract Size
- 1,000 barrels
- Unit of Trading
- Any multiple of 1,000 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per barrel
- Settlement Price Quotation
- One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “$/barrel” quotations appearing in the “Platts US Marketscan” under the heading “Marine Fuel” for “0.5% FOB US Gulf Coast barge" and the average of the “$/mt” quotations appearing in the “Platts European Marketscan” under the heading “Marine Fuel” for “0.5% FOB Rotterdam barge” for each business day (as specified below) in the determination period. Non-Common Pricing applies.
conversion factor: 1 metric tonne = 6.35 barrels - Contract Series
- Up to 2 consecutive months, or as otherwise determined by the Exchange
- Business Days
- Publication days for Platts US Marketscan and Platts European Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU
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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
- Am Cracks bbl
- Physical
- MGH
- Logical
- MGH
- GMI (FC)
- ION A.C.N.
- Symbol Code
- MGH