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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

WordPress on Azure Distillates Jet CIF NWE Cargoes ($/0.01) Distillates Europe – Commodity SB

Jet CIF NWE Cargoes ($/0.01) Distillates Europe – Commodity SB

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Name & Trade Code

Contract Name Jet CIF NWE Cargoes ($/0.01)
MT5 Code Jet_CIF_NWE.s
Contract Classification Commodity SB
Geographical Region Europe

Contract Specification

Sector Energy
Product Group Distillates
Tenor Period Up to 24 consecutive forward Tenor Periods available
Maximum Forward Tenor Up to 24 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit
Trading Price Quote $/mt
Price Digits 2
Currency USD
Tick Value 1
Tick Size 0.01
Minimum Volume 1
Volume Steps [Lots] 0.01
Settlement Arithmetic mean of Settlement Prices throughout expiry month
Margins View document

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 31 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily settlement assessment time, e.g. 4:30 pm for European contracts
Daily Settlement Volume Each day during Tenor Period, the remaining Open Volume reduces by the equivalent of 1/ (number of pricing days in the Tenor Period, including today if prior to Market-on-Close) and be settled at Daily Settlement Value
Final Settlement Price Arithmetic mean of Settlement Prices throughout expiry month
MOC Haircut None Applies

The Jet CIF NWE contract is a commodity SB (Spread Bet) in the Distillates group that represents the outright price of Jet CIF NWE Cargoes.

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Jet CIF NWE Cargoes
  • Hedge against price fluctuations in the European jet fuel market
  • Speculate on the future price direction of jet fuel in Northwest Europe

Market Significance

  • Benchmark Status: Serves as a key reference for jet fuel pricing in Northwest Europe
  • Regional Indicator: Provides insights into supply and demand dynamics for jet fuel in the European market
  • Aviation Industry Impact: Reflects the cost of fuel for airlines operating in or through Europe

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the price of Jet CIF NWE Cargoes
  • Risk Management: Allows hedging against price volatility in the European jet fuel market
  • Market Access: Provides exposure to one of Europe’s key jet fuel benchmarks

This contract is particularly valuable for airlines, refineries, trading houses, and financial institutions active in the European jet fuel market. It offers a tool for managing price risks and implementing trading strategies related to jet fuel in Northwest Europe.