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PGP Polymer Grade Propylene (PCW) Financial 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. - 5:15 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 pound
Product Code CME Globex: PGG
CME ClearPort: PGP
Clearing: PGP
Listed Contracts Current year and next 2 years
Settlement Method Financially Settled
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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 711
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing