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PP Polypropylene (PCW) Financial Futures Contract Specs

Product Symbol PPP
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 (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 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.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 3 consecutive years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 736
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.