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LLDPE Linear Low Density Polyethylene (PCW) BALMO Futures Contract Specs

Contract Unit 47,000 pounds
Price Quotation U.S. dollars and cents per pound
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.00001 per pound = $0.47
Product Code CME Globex: LEL
CME ClearPort: LEL
Clearing: LEL
Listed Contracts Monthly BALMO contracts listed for the current month and the following month listed 10 business days prior to the start of the contract month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the daily closing price on PetroChem Wire (PCW) for Linear Low Density Polyethylene of film butene grade with 1.0 melt and 0.92 density barefoot or medium adds (basis FOB Houston) starting from the selected start date through the end of the contract month, inclusively.
Termination Of Trading Trading termintes on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1221
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing