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Mont Belvieu LDH Iso-Butane (OPIS) Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon
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 gallon = $0.42
Product Code CME Globex: MBL
CME ClearPort: MBL
Clearing: MBL
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for the contract month shall be the arithmetic average of the OPIS any-month assessment for Mont Belvieu Louis Dreyfus Highbridge (LDH) Iso-Butane for each trading day of the contract month.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1188
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing