CONTRACT SPECIFICATION
Traded Commodity | Low Sulphur Oil |
Commodity Code | QP |
Contract Size | 100 tons / lot |
Quotation Unit | USD / ton |
Trading Hours (GMT+7) | Monday – Friday: 07:00 - 05:00 (the next day) |
Price Increment | 0.25 USD / ton |
Expiration Months | 96 consecutive months |
First Notice Day | As regulated by MXV |
Last Trading Day | At 19:00 on the day before the 14th of the expiration month, 02 business days prior |
Margin | As regulated by MXV |
| Position Limits | As regulated by MXV |
| Price Fluctuation Limit | As regulated by MXV |
| Payment Method | No physical delivery |
| Quality Standards | Standards are detailed below |
Quality Standards
According to the regulations for Low Sulphur Gasoil products traded on the ICE EU.
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