ICE Futures U.S.

Polymer Grade Propylene (PGP), OPIS PCW Mont Belvieu Balmo Future

Polymer Grade Propylene (PGP), OPIS PCW Mont Belvieu Balmo Future31687037

Description

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

Market Specifications

Trading Screen Product Name
Propylene OPIS PCW Futures (balmo)
Trading Screen Hub Name
MT.B
Commodity Code
PPN
Settlement Method
Cash settlement
Contract Size
100,000 pounds
Currency
US Dollars and cents
Minimum Price Fluctuation
One thousandth of one cent ($0.00001) per pound
Listing Cycle
Up to 2 consecutive monthly contract months
Last Trading Day
Last Trading Day of the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
MONOMERS–PGP FOB MT B EPC–OPIS PETROCHEM WIRE
a) Description
"MONOMERS-PGP FOB MT B EPC-OPIS PETROCHEM WIRE" means that the price for a Pricing Date will be that day's Specified Price per pound of polymer grade propylene, stated in US Dollars, published under the heading "Closing Markets – Monomers - PGP MT B FOB" in the issue of OPIS 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
OPIS PetroChem Wire
e) Delivery Date
Contract month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU