PetChem Outright – Paraxylene CFR Taiwan/China (Platts) Future82280454
ICE Futures Europe
PetChem Outright – Paraxylene CFR Taiwan/China (Platts) Future
Description
A monthly cash settled future based on the Platts daily assessment price for Paraxylene CFR Taiwan/China.
Market Specifications
- Trading Screen Product Name
- PetChem Futures
- Trading Screen Hub Name
- Paraxylene CFR Taiwan/China (Platts)
- Contract Symbol
- PCA
- Contract Size
- 100 metric tonnes
- Unit of Trading
- Any multiple of 100 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 ($0.001) per metric tonne
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the “Platts Asian Petrochemicalscan” weekly report under the heading “Aromatics ($/mt)” subheading “CFR Taiwan” for “PX” for each business day (as specified below) in the determination period.
NB: the Asian Petrochemicalscan is a weekly report published on a Friday that will include all the Platts daily quotations for PX CFR Taiwan assessed during that week. If Friday is a public holiday, then the Asian Petrochemicalscan weekly report will be published on the first previous business day. If the Asian Petrochemicalscan weekly report is not published (for example, during a holiday period), then the underlying Platts quotation used for final settlement calculation purposes will be that published under Platts symbol: AAQNE00. - Contract Series
- Up to 24 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day.
- Business Days
- Publication days for Platts Asian Petrochemicalscan
- MIC Code
- IFEU
- 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
Codes
- Clearing Admin Name
- Ref Outright mt
- Physical
- PCA
- Logical
- PCA
- GMI (FC)
- ION A.C.N.
- Symbol Code
- PCA