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Argus Propane (Saudi Aramco) Futures Contract Specs
| Contract Unit | 1,000 metric tons | ||||
| Price Quotation | U.S. dollars and cents per metric ton | ||||
| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | |
| Minimum Price Fluctuation | $0.001 per metric ton | ||||
| Product Code | CME Globex: A9NCME ClearPort: 9NClearing: 9N | ||||
| Listed Contracts | 48 consecutive months | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the final assessment from the Argus Media for Propane (Saudi Arabia) contract price for the contract month. | ||||
| Termination Of Trading | Trading shall terminate on the last business day of the month prior to the contract month. Business days are based on the Singapore Public Holiday calendar. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 589 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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