ICE Futures U.S.

Benzene, PCW US Index Fixed Price Future

Benzene, PCW US Index Fixed Price Future31687030

Description

A monthly cash settled future based upon the average of the daily prices published by PetroChem Wire for the location specified in Reference Price A

Market Specifications

Trading Screen Product Name
Benzene PCW Futures
Trading Screen Hub Name
US Index Fixed Price
Commodity Code
BUI
Settlement Method
Cash settlement
Contract Size
1,000 bbl
Currency
US Dollars and cents
Trading Price Quotation
One thousandth of one cent ($0.00001) per gallon
Settlement Price Quotation
One thousandth of one cent ($0.00001) per gallon
Minimum Price Fluctuation
One thousandth of one cent ($0.00001) per gallon
Listing Cycle
Up to 36 consecutive monthly contract months
Last Trading Day
Last Trading Day prior to the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
AROMATICS - BENZENE US Index – PETROCHEM WIRE
a) Description
"AROMATICS - BENZENE US Index – PETROCHEM WIRE" means that the price for a Pricing Date will be that day's Specified Price per gallon of benzene for delivery on the Delivery Date, stated in US Dollars, published under the heading "Closing Markets – Monomers – Benzene DDP HTC" in the issue of PetroChem Wire that reports prices effective on that Pricing Date
b) Pricing Date
Each day that prices are reported for the Delivery Date
c) Specified Price
Price
d) Pricing Calendar
PetroChem Wire
e) Delivery Date
Contract month
Final Payment Date
Three Clearing House Business Days following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU