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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

Onyx Markets NGL Saudi Propane

Saudi Propane

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A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.

Name & Trade Code

Contract Name Saudi Propane(100mt-$/mt)
MT5 Code C3_CP
Contract Classification Commodity CFD
Geographical Region Middle East

Contract Specification

Sector Energy
Product Group NGL
Tenor Period Consecutive individual whole calendar months, e.g. Aug 25
Maximum Forward Tenor Up to 18 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit mt
Trading Price Quote $/mt
Price Digits 2
Currency USD
Tick Value 1
Tick Size 0.01
Minimum Volume 1
Volume Steps [Lots] 0.01
Settlement Final settlement price on the first trading day of the expiry month
Margins Download a summary or detailed document with tiers.

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 29 August 2025 for Aug 25 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 22 August 2025 for Aug 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period
Trading Hours 8:00am - 5:30pm London time
Quoting Hours 8:00am - 6:00pm London time

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily assessment settlement time, e.g. 4:30 pm for European contracts
Daily Settlement Volume Each day during Tenor Period, the remaining Open Volume reduces by the equivalent of 1/ (number of pricing days in the Tenor Period, including today if prior to Market-on-Close) and be settled at Daily Settlement Value
Final Settlement Price Final settlement price on the first trading day of the expiry month

The C3 CP contract is a commodity CFD (Contract for Difference) in the NGL group that represents the outright price of Propane Saudi CP (Contract Price).

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the Saudi Aramco Contract Price for propane
  • Hedge against price fluctuations in the Middle East propane market
  • Speculate on the future direction of propane prices set by Saudi Aramco

Market Significance

  • Benchmark Status: The Saudi CP serves as the primary benchmark for propane pricing in global markets, particularly in Asia
  • Global Trade Indicator: Reflects supply and demand dynamics in the Middle East, the world’s largest LPG exporting region
  • Petrochemical Industry Impact: Influences the cost structure for propane as a key feedstock in the petrochemical industry

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the Saudi Aramco Contract Price for propane
  • Risk Management: Allows hedging against price volatility in the global propane market
  • Market Access: Provides exposure to a key benchmark in the international LPG market

This contract is particularly valuable for LPG traders, petrochemical companies, and financial institutions active in the global propane market. It offers a tool for managing price risks and implementing trading strategies related to the Saudi Aramco Contract Price for propane.

A spread bet is a form of wagering on the price movement of an asset, where the trader bets on whether the price will rise or fall. The profit or loss is determined by the difference between the opening and closing prices.

Name & Trade Code

Contract Name Saudi Propane($/0.01)
MT5 Code C3_CP.s
Contract Classification Commodity SB
Geographical Region Middle East

Contract Specification

Sector Energy
Product Group NGL
Tenor Period Consecutive individual whole calendar months, e.g. Aug 25
Maximum Forward Tenor Up to 18 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit
Trading Price Quote $/mt
Price Digits 2
Currency USD
Tick Value 1
Tick Size 0.01
Minimum Volume 1
Volume Steps [Lots] 0.01
Settlement Final settlement price on the first trading day of the expiry month
Margins Download a summary or detailed document with tiers.

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 29 August 2025 for Aug 25 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 22 August 2025 for Aug 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period
Trading Hours 8:00am - 5:30pm London time
Quoting Hours 8:00am - 6:00pm London time

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily assessment settlement time, e.g. 4:30 pm for European contracts
Daily Settlement Volume Each day during Tenor Period, the remaining Open Volume reduces by the equivalent of 1/ (number of pricing days in the Tenor Period, including today if prior to Market-on-Close) and be settled at Daily Settlement Value
Final Settlement Price Final settlement price on the first trading day of the expiry month

The C3 CP contract is a commodity SB (Spread Bet) in the NGL group that represents the outright price of Propane Saudi CP (Contract Price).

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the Saudi Aramco Contract Price for propane
  • Hedge against price fluctuations in the Middle East propane market
  • Speculate on the future direction of propane prices set by Saudi Aramco

Market Significance

  • Benchmark Status: The Saudi CP serves as the primary benchmark for propane pricing in global markets, particularly in Asia
  • Global Trade Indicator: Reflects supply and demand dynamics in the Middle East, the world’s largest LPG exporting region
  • Petrochemical Industry Impact: Influences the cost structure for propane as a key feedstock in the petrochemical industry

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the Saudi Aramco Contract Price for propane
  • Risk Management: Allows hedging against price volatility in the global propane market
  • Market Access: Provides exposure to a key benchmark in the international LPG market

This contract is particularly valuable for LPG traders, petrochemical companies, and financial institutions active in the global propane market. It offers a tool for managing price risks and implementing trading strategies related to the Saudi Aramco Contract Price for propane.