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: 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 |
