PGP Polymer Grade Propylene (PCW) Financial Futures Contract Specs
| Contract Unit | 100,000 pounds | ||||
| Price Quotation | U.S. dollars and cents per pound | ||||
| 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 | $0.00001 per pound | ||||
| Product Code | CME Globex: PGGCME ClearPort: PGPClearing: PGP | ||||
| Listed Contracts | Current year and next 2 years | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the daily closing price of the PetroChem Wire (PCW) for Mont Belvieu Polymer Grade Propylene (basis FOB Enterprise storage at Mont Belvieu, Texas) for each business day during the contract month. Polymer Grade Propylene is understood to be of 99.5% minimum purity. | ||||
| Termination Of Trading | Trading shall cease on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 711 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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