Butane, Argus Far East Index (AFEI) Future28670678
ICE Futures U.S.
Butane, Argus Far East Index (AFEI) Future
Description
A monthly 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
- Trading Screen Hub Name
- Far East
- Contract Symbol
- ABF
- Settlement Method
- Cash settlement
- Contract Size
- 1,000 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) 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
- Listing Cycle
- Up to 72 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
- NGL-BUTANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG
- a) Ref Price A - Description
- "NGL-BUTANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG" means that the price for a Pricing Date will be that day's Specified Price per tonne of butane, stated in US Dollars, published under the heading "Asia-Pacific: Refrigerated cargoes: Argus Far East Index™ (AFEI™): Butane" in the issue of Argus International LPG that reports prices effective on that Pricing Date
- b) Ref Price A - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- Price
- d) Ref Price A - Pricing calendar
- Argus International LPG
- 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
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 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
- ABF
- Logical
- ABF
- GMI (FC)
- SZ
- ION A.C.N.
- Symbol Code
- ABF