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HDPE High Density Polyethylene (PCW) BALMO Futures Contract Specs

Product Symbol HPD
Venue CME Globex, CME ClearPort and 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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 47,000 pounds
Price Quotation U.S. dollars and cents per pound
Minimum Fluctuation $0.00001 per pound
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the daily closing price on PetroChem Wire (PCW) for High Density Polyethylene of blow molding grade with 0.35 melt and 0.953 density (basis FOB Houston) starting from the selected start date through the end of the contract month, inclusively.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every day for 2 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1220
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.