Argus Houston Methanol Futures71544056
ICE Futures U.S.

Argus Houston Methanol Futures

Description

A monthly cash settled future based on the Argus daily assessment price for FOB Houston Methanol barges.

Market Specifications

Trading Screen Product Name
Biodiesel Futures
Trading Screen Hub Name
Argus Houston Methanol
Contract Symbol
BOM
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 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 average of the “Index” quotations appearing in the “Argus Methanol Daily” report under the heading “Methanol prices”, subheading “Americas” for “fob Houston barge” for each business day (as specified below) in the determination period.
Contract Series
Up to 12 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Argus Methanol Daily
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Am Ref mt
Physical
BOM
Logical
BOM
GMI (FC)
NW
ION A.C.N.