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Mont Belvieu Spot Ethylene In-Well Futures Contract Specs

Product Symbol CME Globex: MBE
CME ClearPort: MBE
Open Outcry: MBE
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 100,000 pounds
Price Quotation U.S. dollars and cents per pound
Minimum Fluctuation $0.00001 per pound
Termination of Trading No trades in Mont Belvieu Spot Ethylene In-Well (PCW) Futures deliverable in the current month shall be made after the second-to-last business day of the delivery month (the “last trade date”). In the event that the originally listed last trade date is declared a holiday, the last trade date will move to the business day immediately prior. Any contracts remaining open after the last trade date must be either:
(A) Settled by delivery which shall take place on the last business day of the delivery month.
(B) Liquidated by means of a bona fide Exchange for Related Position (“EFRP”). An EFRP is permitted in the expiring futures contract at any time before 2:30 p.m. on the last day of trading for the futures contract, provided, however, that an EFRP shall not be permitted on the first business day following the expired futures contract.
Listed Contracts Every month for 24 consecutive months
Settlement Type Physical
Delivery,
Delivery Period,
Grade and Quality Specifications
Please see rulebook chapter 242
Position Limits NYMEX Position Limits
Rulebook Chapter 242
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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