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PP Polypropylene (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: PPW
CME ClearPort: PPW
Clearing: PPW
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 Polypropylene (basis FOB Houston) starting from the selected start date through the end of the contract month, inclusive. Polypropylene is understood to be Homopolymer of general purpose injection molding grade with nominal melt flow rate 12 (-2/+3), 20 (+/-3), or 35 (-5/+7) without additives such as slip and anti block; or Homopolymer of general-purpose fiber ('raffia') extrusion grade with nominal melt flow rate 3.5 (-0.6/+1.0) without additives.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1222
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing