Propane Non-LDH Mont Belvieu (OPIS) Futures Contract Specs
| Contract Unit | 42,000 gallons | ||||
| Price Quotation | U.S. dollars and cents per gallon | ||||
| 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 gallon = $0.42 | ||||
| Product Code | CME Globex: A1RCME ClearPort: 1RClearing: 1R | ||||
| Listed Contracts | Monthly contracts listed for 48 consecutive months. Add a new monthly contract after the nearby expiry. | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the OPIS Mont Belvieu Propane (non-LDH) price for each business day during the contract month. | ||||
| Termination Of Trading | Trading termiantes on the last London and U.S. business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 414 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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