CME Group Freight Route Liquid Petroleum Gas (BLPG1) (Baltic)

The Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) contract became effective on the CME trading group on April 26th, 2021.
== Contract Specs ==
Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Futures	Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Futures 	Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Futures
Contract Unit 	1,000 metric tons 	1,000 metric tons
Price Quotation 	U.S. dollars per metric ton 	U.S. dollars per metric ton
Trading Hours 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 	0.001 = $1.00 per metric ton 	0.001 = $1.00 per metric ton
Product Code 	CME Globex: FLP
CME ClearPort: FLP
Clearing: FLP 	CME Globex: FLP
CME ClearPort: FLP
Clearing: FLP
Listed Contracts 	Monthly contracts listed for the current year and the next 2 calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year. 	Monthly contracts listed for the current year and the next 2 calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method 	Financially Settled 	Financially Settled
Floating Price 	The Floating Price for each contract month is equal to the arithmetic average of the USD per metric ton rate for the LPG1 freight route (BLPG1) (i.e. Ras Tanura, Saudi Arabia to Chiba, Japan for cargoes of 44,000 metric tons, or as subsequently amended) published by the Baltic Exchange for each day that it is published during the Settlement Period.	The Floating Price for each contract month is equal to the arithmetic average of the USD per metric ton rate for the LPG1 freight route (BLPG1) (i.e. Ras Tanura, Saudi Arabia to Chiba, Japan for cargoes of 44,000 metric tons, or as subsequently amended) published by the Baltic Exchange for each day that it is published during the Settlement Period.
Termination of Trading 	For contract months January to November inclusive: Trading terminates on the last business day of the calendar month.
For December contract months: Trading terminates on the 24th calendar day of the month, or if this is not a business day, the first preceding business day. 	For contract months January to November inclusive: Trading terminates on the last business day of the calendar month.
For December contract months: Trading terminates on the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
Exchange Rulebook 	NYMEX 679 	NYMEX 679
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Options	Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Options 	Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Options
Contract Unit 	1,000 metric tons 	1,000 metric tons
Minimum Price Fluctuation 	$0.001 per metric ton = $1.00 	$0.001 per metric ton = $1.00
Price Quotation 	U.S. dollars and cents per metric ton 	U.S. dollars and cents per metric ton
Trading Hours 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code 	CME Globex: FLO
CME ClearPort: FLO
Clearing: FLO 	CME Globex: FLO
CME ClearPort: FLO
Clearing: FLO
Listed Contracts 	Monthly contracts listed for the current year and next calendar year. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.	Monthly contracts listed for the current year and next calendar year. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination of Trading 	For January - November contract months: Trading terminates on the last business day of the contract month. 
For December contract months: Trading terminates on the 24th calendar day of the month, if this is not a business day, then the business day prior.	For January - November contract months: Trading terminates on the last business day of the contract month. 
For December contract months: Trading terminates on the 24th calendar day of the month, if this is not a business day, then the business day prior.
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits
Exchange Rulebook 	NYMEX 681 	NYMEX 681
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures 	Strike Price Listing and Exercise Procedures Table 	Strike Price Listing and Exercise Procedures Table
Exercise Style 	European Style. 	European Style.
Settlemnt Method 	Financially Settled 	Financially Settled
Underlying 	Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Futures 	Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Futures
== Notes ==
== References ==
== Resources ==
Freight Route Liquid Petroleum Gas (BLPG1) (Baltic) Futures Contract Specs
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