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ICE Futures U.S.

Propylene Contract Price, I.C.I.S. FD NWE Future

Description

A monthly cash settled future based upon the contract price published by ICIS for the location specified in reference price A

Market Specifications

Trading Screen Product Name
Propylene ICIS Futures
Trading Screen Hub Name
FD NWE Contract Price
Contract Symbol
PRF
Settlement Method
Cash settlement
Contract Size
100 metric tonnes
Currency
EUR
Minimum Price Fluctuation
The price quotation convention shall 0.1 Euro Cent per MT (€0.001/MT); minimum price fluctuation may vary by trade type.
Listing Cycle
Up to 36 consecutive monthly Contract Periods, or as otherwise determined by the Exchange
Last Trading Day
Last Trading Day prior to the contract month.
Final Settlement
Reference Price A
REFERENCE PRICE A
Propylene Contract Price, FD NWE
a) Ref Price A - Description
““Contract Price, Propylene, FD NWE” 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 EUR, published under the heading,"Contract Prices, Propylene, FD NWE,” or any successor headings where the applicable prices are published, in the issue of the ICIS Europe Propylene Report that reports prices effective on that pricing date.
b) Ref Price A - Pricing Date
First business day of the contract month
c) Ref Price A - Specified Price
Price
d) Ref Price A - Pricing calendar
ICIS
e) Ref Price A - 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

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

Codes

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