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Argus Propane (Saudi Aramco) 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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Minimum Price Fluctuation $0.001 per metric ton
Product Code CME Globex: A9N
CME ClearPort: 9N
Open Outcry: 9N
Clearing: 9N
Listed Contracts CME Globex: 1 consecutive month
CME ClearPort and Open Outcry: 48 consecutive months
DEFAULT 48 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the final assessment from the Argus Media for Propane (Saudi Arabia) contract price for the contract month.
Termination Of Trading Trading shall terminate on the last business day of the month prior to the contract month. Business days are based on the Singapore Public Holiday calendar.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 589
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing