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Description

A monthly cash settled future based on the Platts daily assessment price for Benzene FOB Korea Marker.

Market Specifications

Trading Screen Product Name

PetChem Futures

Trading Screen Hub Name

Benzene FOB Korea (Platts)

Contract Symbol

PCK

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.

Contract Series

Up to 48 consecutive months, or as otherwise determined by the Exchange

Business Days

Publication days for Platts Asia-Pacific Petrochemicals

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

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 “Benzene FOB Korea Marker” quotations that are published under Platts symbol: PHASM05, for each business day (as specified below) in the determination period.

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes