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Freight Route Liquid Petroleum Gas (Baltic) Future Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. Dollars per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.001 per ton
Product Code CME Globex: FLP
CME ClearPort: FLP
Clearing: FLP
Listed Contracts Each calendar month for the current calendar year plus next two calendar years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the LPG1 price assessment (for 44,000 metric tons for Arab Gulf to Japan) published daily by the Baltic Exchange for each business day that it is published during the contract Settlement Period.
Termination Of Trading For contract months January to November inclusive: the last business day of the calendar month. For December contract months: the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
Exchange Rulebook NYMEX 679
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing