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PP Polypropylene (PCW) Financial Futures Contract Specs

Contract Unit 47,000 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: PPP
CME ClearPort: PPP
Clearing: PPP
Listed Contracts CME Globex: 1 month
CME ClearPort: Every month for 3 consecutive years
DEFAULT Every month for 3 consecutive 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 Polypropylene (basis FOB Houston) for each business day during the contract month. Polypropylene is understood to be Homopolymer of general purpose injection molding grade with Nominal melt flow rate 12 (-2/+3), 20 (+/-3), or 35 (-5/+7) without additives such as slip and anti block; or Homopolymer general-purpose fiber ('raffia') extrusion grade with Nominal melt flow rate 3.5 (-0.6/+1.0) without additives.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 736
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing