Propane, Argus Far East Index (AFEI) vs Propane, Argus Saudi CP Future83049091
ICE Futures U.S.
Propane, Argus Far East Index (AFEI) vs Propane, Argus Saudi CP Future
Description
A monthly cash settled future based upon the mathematical result of subtracting the average of the daily prices published by Argus International LPG for the location specified in Reference Price B from 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
- Propane Argus Diff Futures
- Trading Screen Hub Name
- Far East/Saudi
- Contract Symbol
- PRE
- Settlement Method
- Cash Settlement
- Contract Size
- 1,000 metric tonnes
- Currency
- US Dollars and cents
- Unit of Trading
- Any multiple of 1,000 metric tonnes
- Minimum Price Fluctuation
- One tenthof one cent ($0.001) per metric tonne
- Listing Cycle
- Up to 72 consecutive months, or as otherwise determined by the Exchange
- Last Trading Day
- Last Trading Day of the contract month
- Final Settlement
- The average of the Reference Price A prices minus the average of the Reference Price B prices. Non-common pricing applies
- a) Ref Price A - Description
- NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG means that the price for a Pricing Date will be that day's Specified Price per tonne of propane, stated in US Dollars, published under the heading Asia-Pacific: Argus Far East Index TM (AFEI TM): Propane 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
- a) Ref Price B - Description
- NGL-PROPANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG means that the price for a Pricing Date will be that day's Specified Price per tonne of propane for delivery on the Delivery Date, stated in US Dollars, published under the heading International comparisons: Saudi Aramco: Propane in the issue of Argus International LPG that reports prices effective on that Pricing Date..
- b) Ref Price B - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price B - Specified Price
- Price
- e) Ref Price B - 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 | 7:50 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
- NGL Master
- Physical
- PRE
- Logical
- PRE
- GMI (FC)
- ION A.C.N.
- Symbol Code
- PRE