Bitumen Outright - Argus ABX1 Bitumen Future53168987

Description

A monthly cash settled future based on the weekly assessment price for Argus ABX1 FOB Singapore Asphalt.

Market Specifications

Trading Screen Product Name
Bitumen Futures
Trading Screen Hub Name
Argus ABX1
Commodity Code
AB1
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One cent ($0.01) per metric tonne
Minimum Price Fluctuation
One cent ($0.01) per metric tonne
Last Trading Day
Last Friday of the contract month (or the preceding business day if the last Friday of the contract month is not a business day).
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 mean of the assessments appearing in the “Argus Asian Bitumen Index” under the heading “Asphalt” and “Index” for “ABX 1 fob Singapore” for each week in the determination period.
Contract Series
Up to 9 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Argus Asian Bitumen Index Report
MIC Code
IFEU
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York6:50 PM - 5:05 PM*
18:50 - 17:05
6:40 PM
18:40
London11:50 PM - 10:05 PM*
23:50 - 22:05
11:40 PM
23:40
Singapore7:50 AM - 6:05 AM*
07:50 - 06:05
7:40 AM
07:40

*Next Day

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

Codes

Clearing Admin Name
Ref Outright mt
Physical
AB1
Logical
AB1
GMI(FC)
R&N A.C.N.