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Benzene fob South Korea (Argus) Trade Month Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation USD dollars and cents 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 $0.001per metric ton
Product Code CME Globex: BSA
CME ClearPort: BSA
Clearing: BSA
Listed Contracts 12 months
Settlement Method Financially Settled
Floating Price The "Settlement Period" for a specified contract month shall be the one month period that starts on, and includes, the first Singapore business day following the 15th calendar day of the month that is two months prior to the contract month and ends on, and includes, the 15th calendar day of the month prior to the contract month. The Floating Price shall be determined following the publication of the Argus Benzene Daily on the last publication day in the settlement period. If such a day is not an Exchange business day, the Floating Price shall be determined on the following Exchange business day. The Floating Price for each contract month is equal to the arithmetic average of the ""fob South Korea"" Benzene prompt month assessment published in respect of the contract month by Argus in the Argus Benzene Daily for each day that is published during the Settlement Period. 
Termination Of Trading Trading shall cease on the fifteenth (15th) calendar day of the month prior to the contract month. If this is not an Exchange business day, trading shall cease on the preceding Exchange business day.
Settlement Procedures Financial
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 994
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing