CME Group Japan Crude Cocktail (Detailed)

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Japan Crude Cocktail (Detailed) was officially listed on Feb 8th, 2021 by the CME along with CME Group E-mini Nikkei 225 - Yen Denominated and CME Group LNG Japan/Korea Marker (Platts).[1]

Japan Crude Cocktail (Detailed) Futures
Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.01 per barrel = $10.00
Product Code CME Globex: JCC

CME ClearPort: JCC Clearing: JCC

Listed Contracts Monthly contracts listed for the current year and the next 4 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlemnt Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the monthly price of crude oils imported into Japan in the month, known as the “Japan Crude Cocktail”, converted to USD per barrel and rounded to two (2) decimal places.

The Japan Crude Cocktail shall be calculated based on the Trade Statistics of the imported commodities with the following custom Statistical Codes: 2709.00 100, 2709.00 900, 2710.19 162, 2710.19 164, 2710.19 166, 2710.19 169, 2710.19 172, 2710.19 174, 2710.19.179. as published by Ministry of Finance, Japan. For contract months January to November Trade Statistics to be used are “Detailed” version. For December “Provisional” version shall be used.

Termination of Trading Trading in Jan - Nov contract months terminates at 9:30 a.m. Japan time on the 2nd last Japan business day of the 2nd month after the contract month.

Trading in the Dec contract month terminates at 9:30 a.m. Japan time on the 2nd last Japan business day of the month after the contract month.

Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1303
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing