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LLDPE Linear Low Density Polyethylene (PCW) Financial Futures Contract Specs

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 Globex: 1 month
CME ClearPort and Open Outcry: Every month for 24 consecutive months
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.