ICE Futures Europe

Fuel Oil Diff - Fuel Oil 180 CST Singapore vs 380 CST Singapore Balmo Future

Fuel Oil Diff - Fuel Oil 180 CST Singapore vs 380 CST Singapore Balmo Future6753334

Description

A balance of the month cash settled future based on the difference between the Platts daily assessment price for 180 CST Singapore Fuel Oil and the Platts daily assessment price for 380 CST Singapore Fuel Oil.

Market Specifications

Trading Screen Product Name
Fuel Oil Diff Futures (balmo)
Trading Screen Hub Name
180cst Sing/380cst Sing
Commodity Code
AKA-AKZ; ALA-ALE
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per metric tonne
Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the difference between the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 180 CST ($/mt)" and the average of the mean of the high and low quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Singapore" and "FOB Singapore" for "HSFO 380 CST ($/mt)" for each Business Day in the determination period.
Contract Series
Up to 2 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
Singapore Business Days
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM*
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM*
00:50 - 23:05
12:40 AM
00:40
Singapore7:50 AM - 6:05 AM*
07:50 - 06:05
7:40 AM
07:40

*Next Day

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

Codes

Clearing Admin Name
Ref Diffs mt
Physical
AKA-AKZ; ALA-ALE
Logical
STT
GMI(FC)
R&N A.C.N.