- Trading Screen Product Name
- PetChem Diff Futures
- Trading Screen Hub Name
- Paraxylene CFR Taiwan/China (Platts)/Naphtha C&F Japan Cg (Platts)
- Contract Symbol
PCB
- 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 ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the difference between
the average of the high and low quotations appearing in the
“Platts Asian Petrochemicalscan” report under the
heading “Aromatics ($/mt)” subheading “CFR
Taiwan” for “PX” and the average of the
“Mid” quotations appearing in the “Platts
Asia-Pacific/Arab Gulf Marketscan” under the heading
“Japan physical oil assessments” subheading “C+F
Japan ($/mt)” for “Naphtha” for each business day
(as specified below) in the determination period.
- 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 and Platts
Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU