Propane Non-LDH Mont Belvieu (OPIS) Futures - Contract Specs
Contract Unit | 42,000 gallons |
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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: A1R CME ClearPort: 1R Clearing: 1R |
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 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 | |
Exchange Rulebook | |
Block Minimum | |
Vendor Codes |