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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 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 = $1.00
Product Code CME Globex: PGG
CME ClearPort: PGP
Clearing: PGP
Listed Contracts Monthly contracts listed for the current year and the next 2 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 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 terminates 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