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PGP Polymer Grade Propylene (PCW) Financial Futures Contract Specs

Product Symbol CME Globex: PGG
CME ClearPort: PGP
Open Outcry: PGP
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 (0.001 cents) per pound
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the daily closing price of the PetroChem Wire (PCW) for Mont Belvieu Polymer Grade Propylene (basis FOB Enterprise storage at Mont Belvieu, Texas) for each business day during the contract month. Polymer Grade Propylene is understood to be of 99.5% minimum purity.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts Current year and next 2 years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 711
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.