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ICE Futures U.S.

Propylene, I.C.I.S. CFR SE Asia Future

Description

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

Market Specifications

Trading Screen Product Name
Propylene ICIS SE Futures
Trading Screen Hub Name
CFR SE Asia
Contract Symbol
PSE
Settlement Method
Cash settlement
Contract Size
100 metric tonnes
Currency
US Dollars and cents
Minimum Price Fluctuation
The price quotation convention shall be One tenth of a cent ($0.001) per metric tonne; minimum price fluctuation may vary by trade type.
Listing Cycle
Up to 36 consecutive monthly contract months, or as otherwise determined by the Exchange
Last Trading Day
Last Trading Day of the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
Propylene, CFR SE Asia
a) Description
“Propylene, CFR SE Asia” means that the price for a pricing date will be that day’s specified price per metric tonne of Propylene for delivery on the delivery date, stated in US Dollars, published under the heading “Propylene, CFR SE Asia in the issue of the I.C.I.S Propylene Daily Asia 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
ICIS
e) Delivery Date
Contract month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
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
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Olefins Master
Physical
PSE
Logical
PSE
GMI (FC)
ION A.C.N.
Symbol Code
PSE