Argus Propane Far East Index BALMO Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| 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: 22 CME ClearPort: 22 Clearing: 22 |
| Listed Contracts | Monthly BALMO contracts listed for three cconsecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from Argus Media for Propane Far East Index starting from the selected start date through the end of the contract month, inclusively. |
| Termination of Trading | Trading terminates on the last Singapore business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
