- Trading Screen Product Name
- Naphtha Futures
- Trading Screen Hub Name
- Naphtha C&F Japan Cg
- Contract Symbol
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
- Markers
TAP MOC (Trade at Platts Settlement-Market on Close)
- MIC Code
- IFEU
- Clearing Venues
- ICEU