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ICE Futures Europe

Diesel Diff - Diesel 10ppm UK CIF NWE Cargoes (Platts) vs Low Sulphur Gasoil 1st Line Future


A monthly cash settled future based on the difference between the Platts daily assessment price for Diesel 10ppm UK CIF NWE Cargoes and the ICE settlement price for Low Sulphur Gasoil 1st Line Future.

Market Specifications

Trading Screen Product Name
Diesel Diff Futures
Trading Screen Hub Name
Diesel 10ppm UK CIF NWE Cg (Platts)/LS GO 1st Line
Contract Symbol
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 metric tonnes
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 “Mid” quotations appearing in the “Platts European Marketscan” under the heading “Northwest Europe cargoes” subheading “CIF NWE/Basis ARA” for “Diesel 10 ppm UK” and the average of the settlement prices as made public by ICE for the front month Low Sulphur Gasoil Future for each business day (as specified below) in the determination period.

Non-Common Pricing applies.
Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby month quotation for ICE Low Sulphur Gasoil Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract.
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 European Marketscan
MIC Code
Clearing Venues

Trading Hours

New York8:50 PM - 7:05 PM
20:50 - 19:05
8:40 PM
London12:50 AM - 11:05 PM
00:50 - 23:05
12:40 AM
Singapore8:50 AM - 7:05 AM
08:50 - 07:05
8:40 AM

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


Clearing Admin Name
Ref Diffs mt
Symbol Code