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Argus Propane Far East Index BALMO Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.001 per metric ton
Product Code CME Globex: 22
CME ClearPort: 22
Clearing: 22
Listed Contracts Current month and the next two months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Argus Media for Propane (Far East Index) for each business day that it is determined during the contract month.
Termination Of Trading Trading shall cease on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 588
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing