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NYMEX ClearPort
Contract Detail
Description
Specifications
Margins
Termination Schedule
 
Trading Unit
1,000 metric tons
Price Quotation
Prices are quoted in U.S. dollars and cents per metric ton.
Minimum Price Fluctuation
$0.01 per gallon.
Maximum Price Fluctuation
No price limits.
Trading Hours (All times are New York time)
The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday.
Trading Months
36 consecutive months.
Termination of Trading
Trading ceases on the last business day of the contract month.
Settlement Type
Financial, based on the the arithmetic average of the high and low price quotations from Argus for Propane CIF ARA (Large Cargoes) for each business day that it is determined during the contract month.
Trading Symbol
PS
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