Singapore Fuel Oil 180 cst vs. 380 cst (Platts) Futures Contract Summary (DSD)
1,000 metric tons
U.S. dollars dollars and cents per metric ton
Trading Symbol on Globex
Electronic trading is open from 1600 North American Central Standard Time / Central Daylight Time (CST/CDT) Sundays and from 1645 CST/CDT Monday to Thursday and closes at 1600 CST/CDT the next day, Monday to Friday.
Singapore is 14 hours ahead of CST and Dubai is 10 hours ahead. The time difference is reduced by one hour when CDT is in effect. Neither Dubai nor Singapore observe Daylight Savings Time.
The current year and the next five years will be listed. A new calendar year will be added following the termination of trading in the December contract of the current year.
Minimum Price Fluctuation
$0.001 per metric ton ($1.00 per contract) on CME Clearport and $0.01 per metric ton ($10.00 per contract) on CME Globex
Maximum Daily Price Fluctuation
The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 180 cst High-Sulfur Fuel Oil price minus the arithmetic average of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore 380 cst HSFO under the heading "FOB Singapore" for each Trading Day during the contract month (using non-common pricing).
Final Settlement Price
Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
Last Trading Day
Trading in the nearby Contract Month shall cease on the last Trading Day of the contract month.
See Legal Disclaimers (“DISCLAIMERS”) incorporated herein by reference.