Energy Products
View an Energy Product
LLDPE Linear Low Density Polyethylene (PCW) BALMO Futures
 
 
LLDPE Linear Low Density Polyethylene (PCW) BALMO Futures
Product Symbol LEL
Venue CME Globex, CME ClearPort and 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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 47,000 pounds
Price Quotation U.S. dollars and cents per pound
Minimum Fluctuation $0.00001 per pound
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the daily closing price on PetroChem Wire (PCW) for Linear Low Density Polyethylene of film butene grade with 1.0 melt and 0.92 density barefoot or medium adds (basis FOB Houston) 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.
Listed Contracts CME ClearPort and Open Outcry: One month and the following month listed 10 business days prior to the start of the contract month
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1221
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.