CME NYMEX: MFB Gulf Coast HSFO (Platts) Futures prices chart

Gulf Coast HSFO (Platts) Futures (CME NYMEX: MFB) Contract Specifications

Product Code: CME Globex: MFB, CME ClearPort: MF, Clearing: MF

Contract Unit: 1,000 barrels
Price Quotation: U.S. dollars and cents per barrel
Minimum Price Fluctuation: $0.01 per barrel
Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for 52 consecutive months.

Floating Price:
(1) For all contract months prior to January 2017 The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts Oilgram Price Report for Gulf Coast No. 6 3.0%S (Waterborne) Fuel Oil for each business day that it is determined during the contract month.
(2) For all contract months commencing with January 2017 and beyond The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts Oilgram Price Report for Gulf Coast HSFO for each business day that it is determined during the contract month.

Termination of Trading: Trading shall cease on the last business day of the contract month.

Trading Hours: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)