Naphtha Diff - Middle East Naphtha FOB Arab Gulf (Platts) vs Naphtha C+F Japan Cargoes (Platts) Balmo Future83049116
ICE Futures Europe
Naphtha Diff - Middle East Naphtha FOB Arab Gulf (Platts) vs Naphtha C+F Japan Cargoes (Platts) Balmo Future
Description
A balance of the month cash settled future based on the difference between the Platts daily assessment price for Naphtha FOB Arab Gulf and the Platts daily assessment price for Naphtha C+F Japan Cargoes.
Market Specifications
- Trading Screen Product Name
- Naphtha Diff Futures (balmo)
- Trading Screen Hub Name
- Mid East Naphtha FOB AG/Naphtha C+F Japan Cg (Platts)
- Contract Symbol
- NEK
- Contract Size
- 1,000 metric tonnes
- Unit of Trading
- Any multiple of 1,000 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per metric tonne
- Settlement Price Quotation
- One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Contract Series
- Up to 2 consecutive months, or as otherwise determined by the Exchange
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the difference between the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Middle East physical oil assessments" and "FOB Arab Gulf ($/barrel)" for "Naphtha ($/mt)" and the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Japan physical oil assessments" and "C+F Japan ($/mt)" for "Naphtha" quotation for each business day (as specified below) in the determination period.
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- 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
- Ref Diffs mt
- Physical
- NEK
- Logical
- NEK
- GMI (FC)
- ION A.C.N.
- Symbol Code
- NEK