Benzene, CIF ARA (Platts) Future

ICE Futures U.S.

A monthly cash settled future based on the Platts daily assessment price for Benzene CIF ARA.

Trading Screen Product Name: Benzene, CIF ARA (Platts) Futures
Trading Screen Hub Name: Contract Price
Contract Symbol: BPC
Settlement Method: Cash settlement
Contract Size: 100 metric tonnes
Currency: USD
Minimum Price Fluctuation: The price quotation convention shall be one tenth of one cent ($0.001) per metric tonne; minimum price fluctuation may vary by trade type.
Listing Cycle: Up to 36 consecutive monthly contract months, or as otherwise determined by the Exchange.
Last Trading Day: Last trading Day of the contract month
Final Settlement: Average of Reference Price A prices
REFERENCE PRICE A: Benzene, CIF ARA
a) Ref Price A - Description: “Benzene, CIF ARA” means that the price for a Pricing Date will be that day's specified price per metric tonne of Benzene stated in US Dollars and cents, published under the assessment heading “Benzene CIF ARA”, Platts symbol: AAOAX00.
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: Platts
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

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