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Naphtha MOPJ Spread
The price of Japan Naphtha spread across two different delivery months. Therefore, a useful benchmark for hedging and speculating against Asian Naphtha over time.
Contract Details
Contract for Difference
Spread Bet
A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.
Name & Trade Code
| Contract Name | Naphtha MOPJ Spread(100mt-$/mt) |
| MT5 Trader Code | MOPJ_Sprd |
| Flux Terminal Code | mopjspr |
| Contract Classification | Commodity Time-Spread CFD |
| Geographical Region | Asia |
Contract Specification
| Sector | Energy |
| Product Group | |
| Tenor Period | Consecutive individual whole calendar months, e.g. Jan 25 |
| Maximum Forward Tenor | Up to 18 consecutive forward Tenor Periods available |
| Contract Size | 100 |
| Contract Unit | mt |
| Trading Price Quote | $/mt |
| Price Digits | 2 |
| Currency | USD |
| Tick Value | 1 |
| Tick Size | 0.01 |
| Minimum Volume | 1 |
| Volume Steps [Lots] | 0.01 |
| Settlement | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 31 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for new open positions) | Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | 8:00am - 5:30pm |
| Quoting Hours | 8:00am - 6:00pm |
Tenor Period Settlement Valuation Process
| Daily Settlement Value | Market-on-Close – The daily assessment settlement time, e.g. 4:30 pm for European contracts |
| Final Settlement Price | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |
A spread bet is a form of wagering on the price movement of an asset, where the trader bets on whether the price will rise or fall. The profit or loss is determined by the difference between the opening and closing prices.
Name & Trade Code
| Contract Name | Naphtha MOPJ Spread($/0.01) |
| MT5 Trader Code | MOPJ_Sprd.s |
| Flux Terminal Code | |
| Contract Classification | Commodity Time-Spread SB |
| Geographical Region | Asia |
Contract Specification
| Sector | Energy |
| Product Group | |
| Tenor Period | Consecutive individual whole calendar months, e.g. Jan 25 |
| Maximum Forward Tenor | Up to 18 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 | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 31 January 2025 for Jan 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 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | 8:00am - 5:30pm |
| Quoting Hours | 8:00am - 6:00pm |
Tenor Period Settlement Valuation Process
| Daily Settlement Value | Market-on-Close – The daily assessment settlement time, e.g. 4:30 pm for European contracts |
| Final Settlement Price | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |
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