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PP Polypropylene (PCW) Financial 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: PPP
CME ClearPort: PPP
Clearing: PPP
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 Polypropylene (basis FOB Houston) for each business day during the contract month. 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 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 736
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing