Naphtha - C+F Japan Cargo Future1412

Description

A monthly cash settled future based on the Platts daily assessment price for Naphtha C+F Japan.

Market Specifications

Trading Screen Product Name
Naphtha Futures
Trading Screen Hub Name
Naphtha C&F Japan Cg
Commodity Code
NJC
Contract Size
1,000 Metric Tonnes
Unit of Trading
Any multiple of 1,000 Metric Tonnes
Currency
US Dollars and cents
Settlement Price
One tenth of one cent ($0.001) per Metric Tonne
Minimum Price Fluctuation
One tenth of one cent ($0.001) per Metric Tonne
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per Metric Tonne based on the arithmetic mean of the relevant high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Japan physical oil assessments" and "C+F Japan" for the "Naphtha ($/mt)" quotation for each Business Day in the determination period.
Contract Series
Up to 48 consecutive months
Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
Payment Dates
Two Clearing House Business Days following the Last Trading Day
MIC Code
IFEU
Clearing Venues
ICEU