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European Benzene cif ARA (Argus) Trade Month Futures Contract Specs

Contract Unit 100 Metric Tons
Price Quotation U.S. Dollars and Cents per Metric Ton
Trading Hours 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 metric ton
Product Code CME Globex: BEA
CME ClearPort: BEA
Clearing: BEA
Listed Contracts Monthly contracts listed for 12 consecutive 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 5th London business day prior to the beginning of the contract month and ends on, and includes, the 6th London business day prior to beginning of the calendar month following 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 cif ARA Benzene prompt month assessment published in respect of the contract month by Argus in the Argus Benzene Daily for each day that it is published during the Settlement Period.
Termination Of Trading Trading terminates on the sixth (6th) London
business day prior to the beginning of the calendar
month following the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 995
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing