Effective close of business on trade date Friday, June 3, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will delist the Mont Belvieu Ethylene (PCW) Futures (chapter 601, commodity code 1F) contract. This contract has no open interest and will be delisted from the NYMEX trading floor and CME ClearPort.
The Exchange will continue to offer the physically-delivered Mont Belvieu Spot Ethylene In-Well (PCW) Futures (commodity code MBE) as an alternative instrument. Over the past year, the market has migrated to this more efficient hedging tool. The Mont Belvieu Spot Ethylene In-Well (PCW) Futures contract is listed for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort.
For additional information, please contact Dan Brusstar at 212-299-2604 or Alex Siff at 212- 299-2368.