Argus Propane Far East Index Futures - Contract Specs
Contract Unit | 1,000 metric tons |
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Price Quotation | U.S. dollars and cents per metric ton |
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 | 0.001 per metric ton = $1.00 |
Product Code | CME Globex: A7E CME ClearPort: 7E Clearing: 7E |
Listed Contracts | Monthly contracts listed for 48 consecutive months |
Settlement Method | Financially Settled |
Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Argus Media for Propane (Far East Index) for each business day that it is determined during the contract month. |
Termination of Trading | Trading terminates on the last business day of the contract month. |
Position Limits | |
Exchange Rulebook | |
Block Minimum | |
Vendor Codes |