ICE Futures U.S.

Butane Argus CIF ARA Mini Balmo Future

Butane Argus CIF ARA Mini Balmo Future69732303

Description

A balance of the month cash settled future based upon the average of the daily prices published by Argus International LPG for the location specified in Reference Price A

Market Specifications

Trading Screen Product Name
Butane Argus Futures (balmo)
Trading Screen Hub Name
CIF ARA Mini
Commodity Code
BUK
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One tenth of one cent ($0.001) per metric tonne
Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
NGL-BUTANE (EUROPE:CIF ARA LARGE CARGOES)-ARGUS INTERNATIONAL LPG
a) Ref Price A - Description
“NGL-BUTANE (EUROPE: CIF ARA LARGE CARGOES)-ARGUS INTERNATIONAL LPG” means that the price for a Pricing Date will be that day’s Specified Price per tonne of butane for delivery on the Delivery Date, stated in US Dollars, published under the heading “northwest Europe and Mediterranean: CIF ARA (large cargoes): Butane” in the issues of Argus International LPG that reports prices effective on that Pricing Date
Contract Series
Up to 2 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Argus International LPG
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
NGL Master
Physical
BUK
Logical
BUK
GMI(FC)
R&N A.C.N.