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Mont Belvieu Physical Non-LDH Propane (OPIS) Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
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 $0.00001 per gallon
Product Code CME Globex: 3P
CME ClearPort: 3P
Clearing: 3P
Listed Contracts CME Globex: 1 month
CME ClearPort: Every month for 48 consecutive months
DEFAULT Every month for 48 consecutive months
Settlement Method Deliverable
Termination Of Trading Trading or clearing in a current delivery month shall cease on the second-to-last business day of the delivery month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 364
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Delivery Procedure Please see rulebook chapter 364