Butane Argus CIF ARA Mini Balmo Future69732303
ICE Futures U.S.
Butane Argus CIF ARA Mini Balmo Future
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
- Contract Symbol
- 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
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
- BUK
- Logical
- BUK
- GMI (FC)
- LJ
- ION A.C.N.
- Symbol Code
- BUK