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European Propane CIF ARA (Argus) 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 $0.01 per metric ton
Product Code CME Globex: A32
CME ClearPort: 32
Clearing: 32
Listed Contracts Every day for 2 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from Argus Media for Propane CIF ARA starting from the selected start date through the end of the contract month, inclusively.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 584
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing