ICE Futures Europe

Naphtha Outright - Singapore Naphtha (Platts) Mini Future

Naphtha Outright - Singapore Naphtha (Platts) Mini Future28659489

Description

A monthly cash settled mini future based on the Platts daily assessment price for Singapore Naphtha

Market Specifications

Trading Screen Product Name
Naphtha Futures
Trading Screen Hub Name
Naphtha FOB Sing Mini
Commodity Code
NSM
Contract Size
100 barrels
Unit of Trading
Any multiple of 100 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
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 barrel based on the average of the mean of the high and low quotations appearing in "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "Naphtha" for each business day (as specified below) in the determination period.
Contract Series
Up to 60 consecutive months
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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 7:00 PM*
19:50 - 19:00
7:40 PM
19:40
London12:50 AM - 12:00 AM*
00:50 - 00:00
12:40 AM
00:40
Singapore7:50 AM - 7:00 AM*
07:50 - 07:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
RefOutright bbl
Physical
NSM
Logical
NSM
GMI(FC)
R&N A.C.N.