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: LELCME ClearPort: LELClearing: 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 | ||||
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