Methanol T2 FOB Rotterdam (ICIS) Future83046800
ICE Futures Europe
Methanol T2 FOB Rotterdam (ICIS) Future
Description
A monthly cash settled future based on the ICIS weekly assessment price for Methanol Spot Price FOB Rotterdam T2.
Market Specifications
- Trading Screen Product Name
- Biodiesel Futures
- Trading Screen Hub Name
- Methanol T2 FOB Rotterdam (ICIS)
- Contract Symbol
- BMN
- Contract Size
- 100 metric tonnes
- Unit of Trading
- Any multiple of 100 metric tonnes
- Currency
- Euros and eurocents
- Trading Price Quotation
- One eurocent ($0.01) per metric tonne
- Settlement Price Quotation
- One tenth of one eurocent ($0.001) per metric tonne
- Minimum Price Fluctuation
- One tenth of one eurocent ($0.001) per metric tonne
- Last Trading Day
- Last Friday of the contract month. If such Friday is not a business day then the Last Trading Day will be the business day prior that is the same as the publication date of the ICIS Methanol (Europe) Report.
The December contract month Last Trading Day will be the Friday prior to Christmas Day if Christmas Day falls on Saturday, Sunday, Monday, Tuesday or Wednesday.
If Christmas Day falls on a Thursday, then the Last Trading Day will be 26 December.
If Christmas Day falls on a Friday, then the Last Trading Day will be 24 December - 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 Euros and eurocents per metric tonne based on the average of the mean of the high and low quotations appearing in the weekly “ICIS Methanol (Europe)” report under the heading “Spot Prices” subheading “Price Range” for“Methanol FOB R’dam T2” for each business day (as specified below) in the determination period.
- Contract Series
- Up to 36 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for ICIS Methanol (Europe) weekly.
- MIC Code
- IFEU
- 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 | |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Outright mt
- Physical
- BMN
- Logical
- BMN
- GMI (FC)
- ION A.C.N.
- Symbol Code
- BMN