| PP Polypropylene (PCW) Financial Futures | |||||
|---|---|---|---|---|---|
| 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 ClearPort and Open Outcry: | Current year and next 2 consecutive calendar years | |||
| CME Globex: | 1 month | ||||
| 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. | ||||