MONT BELVIEU LDH PROPANE (OPIS) VS. ARGUS PROPANE FAR EAST INDEX FUTURES - CONTRACT SPECS
| 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 | ||||
| Product Code | CME Globex: PMFCME ClearPort: PMFClearing: PMF | ||||
| Listed Contracts | Monthly contracts listed for 48 consecutive months | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the OPIS Mt. Belvieu Propane (LDH) minus the arithmetic average of the high and low quotations from Argus Media for the Far East Index for each business day that it is determined during the contract month (using Non-common pricing). For purposes of determining the Floating Price, the OPIS Mt. Belvieu Propane (LDH) price will be converted each day to U.S. dollars and cents per metric ton, rounded to the nearest cent. The conversion factor will be 521 gallons per metric ton |
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| Termination Of Trading | Trading terminates on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 362 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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