| LLDPE Linear Low Density Polyethylene (PCW) Financial Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | LPE | ||||
| 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 (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 Linear Low Density Polyethylene Film Butene grade with 1.0 melt and 0.92 density barefoot or medium adds 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 | CME ClearPort and Open Outcry: | 24 consecutive months | |||
| CME Globex: | 1 month | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 140 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||