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HDPE High Density Polyethylene (PCW) Financial Futures Contract Specs

Product Symbol CME Globex: HPE
CME ClearPort: HPE
Open Outcry: HPE
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. (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. (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. (8:00 a.m. - 1:30 p.m. CT)
Contract Unit 47,000 pounds
Price Quotation U.S. dollars and cents per pound
Minimum Fluctuation 0.00001 (0.001 cents) per pound
Floating Price The Floating Price for each contract month is equal to the arithmetic average daily closing price of the PetroChem Wire Daily FOB Houston High Density Polyethylene of blow molding grade with 0.35 melt and 0.953 density for each business day during the contract month.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts Every month for 24 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 139
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.