Contract Unit 1,000 Metric Tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.001 per metric ton = $1.00
Product Code CME Globex: FLB
CME ClearPort: FLB
Clearing: FLB
Listed Contracts Monthly contracts listed for the current month and the next 2 consecutive months.Following the expiration of the front month contract, a new contract month would be added.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance of month arithmetic average of the USD per metric ton rate for the LPG1 freight route (BLPG1) (i.e. Ras Tanura, Saudi Arabia to Chiba, Japan for cargoes of 44,000 metric tons, or as subsequently amended) published by the Baltic Exchange for each day that it is published during the Settlement Period, starting from the selected start date through the end of the Settlement Period.
Termination Of Trading For contract months January to November inclusive: Trading terminates on the last business day of the calendar month.
For December contract months: Trading terminates on the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 877
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing