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|This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.|
Propane futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).
The following is a table with Propane futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
|Delivery Month||Full Ticker Symbol||Thomson-Reuters Symbol|
One Propane futures contract on the New York Mercantile Exchange is 42,000 U.S. gallons (1,000 barrels).
$0.0001 (0.01¢) per gallon ($4.20 per contract).
$0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.
Trading terminates at the close of business on the last business day of the month preceding the delivery month.
Conforms to industry standards for fungible liquefied propane gas as determined by the Gas Processors Association (GPA-HD-5).