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Mont Belvieu Spot Ethylene In-Well Futures Contract Specs

Contract Unit 100,000 pounds
Price Quotation U.S. dollars and cents per pound
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.00001 per pound
Product Code CME Globex: MBE
CME ClearPort: MBE
Clearing: MBE
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years.  Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Deliverable
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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 242
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing