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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Palladium futures are traded on the New York Mercantile Exchange under ticker symbol PA in U.S. dollars and cents per troy ounce.[1]
The chart at left shows front-month Palladium futures prices on the New York Mercantile Exchange (NYMEX) in dollars per troy ounce.
Delivery Dates
Palladium futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]
The following is a table with Palladium 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 |
| January, 2009 | PAF9 | PA/F9-NM |
| February, 2009 | PAG9 | PA/G9-NM |
| March, 2009 | PAH9 | PA/H9-NM |
| April, 2009 | PAJ9 | PA/J9-NM |
| May, 2009 | PAK9 | PA/K9-NM |
| June, 2009 | PAM9 | PA/M9-NM |
| July, 2009 | PAN9 | PA/N9-NM |
| August, 2009 | PAQ9 | PA/Q9-NM |
| September, 2009 | PAU9 | PA/U9-NM |
| October, 2009 | PAV9 | PA/V9-NM |
| November, 2009 | PAX9 | PA/X9-NM |
| December, 2009 | PAZ9 | PA/Z9-NM |
Contract Specifications
Contract Size
One Palladium futures contract on the New York Mercantile Exchange is 100 troy ounces.[1]
Tick Value
$0.05 (5¢) per troy ounce ($5.00 per contract).[1]
Daily Price Limit
No price limits.[1]
Trading Hours
- On the CME Globex electronic platform: 6:00 PM until 5:15 PM Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
- Open Outcry (pit session): 8:30 AM until 1:00 PM, New York Time.[1]
Last Trading Day
Trading terminates at the close of business on the third business day prior to the end of the delivery month.[1]
Deliverable Grades
In fulfillment of each contract, the seller must deliver 100 troy ounces (±7%) of palladium not less than .9995 fineness, with no single piece weighing less than 10 ounces. Each contract unit may consist of ingots or plates, each incised with the lot or bar number, weight, grade, name, or logo of the assayer, and symbol identifying the metal.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for Palladium futures
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