Asset Class Navigation

Pine Prairie Physical Natural Gas Daily Futures Contract Specs

Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas Daily/Weekend Futures
Code PPD
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)
CME Globex Sunday 6:00 p.m. - Monday 11:30 a.m. (5:00 p.m. -10:30 a.m. Chicago Time/CT), Monday - Thursday 1:00 p.m. - 11:30 a.m. (12:00 p.m. - 10:30 a.m. Chicago Time/CT) the following day, with no 1:00 p.m. (12:00 p.m. Chicago Time/CT) session on Friday and a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday 6:00 p.m. - Monday 11:30 a.m. (5:00 p.m. -10:30 a.m. Chicago Time/CT), Monday - Thursday 1:00 p.m. - 11:30 a.m. (12:00 p.m. - 10:30 a.m. Chicago Time/CT) the following day, with no 1:00 p.m. (12:00 p.m. Chicago Time/CT) session on Friday and a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Contract Unit 2500 MMBtu. Transaction sizes shall be restricted to whole number multiples of the number of days in the delivery period.
Pricing Quotation U.S. dollars and cents per MMBtu.
Minimum Price Increment $0.0025 per MMBtu
Termination of Trading Trading will terminate at 11:30 a.m. (10:30 a.m. Chicago Time/CT) on the business day prior to the first day of the delivery period.
Listed Contracts Up to 5 contracts for a week. The delivery period shall be for delivery over the next Day. Transactions conducted on Friday are for delivery on Saturday, Sunday, and Monday inclusive. Transactions conducted on the Business Day prior to an Exchange holiday shall include delivery through and including the next Business Day after the Holiday.

When the last day of a calendar month occurs during a weekend (Saturday, Sunday and, when it applies, Holiday Friday or Holiday Monday) then, for the weekend delivery Days and following Business Day, the following shall apply:

For delivery Days for the remainder of current month, transactions conducted on two Business Days immediately prior to the start of the weekend are for delivery through the remainder of the current month.

For delivery Days for the next month, transactions conducted on the Business Day immediately prior to the start of the weekend are for delivery from the first calendar day of the next month through the first Business Day of the next month.
Settlement Type Physical
Grade and Quality Specifications Natural Gas meeting the specifications set forth in the FERC approved tariff of Pine Prairie Energy Center as then in effect at the time of delivery shall be deliverable in satisfaction of futures contract delivery obligations.
Position Limits NYMEX Position Limits
Rulebook Chapter 227
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.