Natural Gas Futures

QUOTE AND NEWS
The Hindu Business Line  Nov 20  Comment 
The natural gas futures contract traded on the Multi Commodity Exchange (MCX) has been trading volatile over last couple of weeks. The sharp fall from the high of ₹279.3 per mmBtu recorded...
Wall Street Journal  Nov 11  Comment 
Natural gas futures extended their selloff for a second day Tuesday as forecasts for severe cold in the coming weeks began to moderate, and traders took the opportunity to lock in profits from the recent market surge.
Resource Investor  Nov 6  Comment 
Natural gas futures traded near a four-month high in New York on speculation that a blast of cold air will spur heating demand.
MarketWatch  Oct 23  Comment 
U.S. natural-gas supplies rose 94 billion cubic feet on the week ended Oct. 17, the Energy Information Administration reported Thursday. That contrasted with expectations of an increase between 94 bcf and 98 bcf, according to analysts polled by...
The Hindu Business Line  Oct 9  Comment 
The natural gas futures contract traded on the Multi Commodity Exchange (MCX) has dropped sharply over 9 per cent from its high of ₹259.3 per mmBtu recorded on September 30 to about ₹235 now. Howe...
MarketWatch  Sep 18  Comment 
U.S. natural-gas inventories rose 90 billion cubic feet on the week ended Sept. 12, the Energy Information Administration said Thursday. That was in line with Wall Street expectations, with analysts polled by Platts forecasting an increase between...




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Natural Gas futures are traded on the New York Mercantile Exchange under ticker symbol NG in U.S dollars and cents per mmBtu.[1]

The chart at left shows front-month Natural Gas prices on the NYMEX in dollars per mmBTU.

Delivery Dates

Natural Gas 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 Natural Gas 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, 2009NGF9NG/F9-NM
February, 2009NGG9NG/G9-NM
March, 2009NGH9NG/H9-NM
April, 2009NGJ9NG/J9-NM
May, 2009NGK9NG/K9-NM
June, 2009NGM9NG/M9-NM
July, 2009NGN9NG/N9-NM
August, 2009NGQ9NG/Q9-NM
September, 2009NGU9NG/U9-NM
October, 2009NGV9NG/V9-NM
November, 2009NGX9NG/X9-NM
December, 2009NGZ9NG/Z9-NM


Contract Specifications

Contract Size

One Natural Gas futures contract on the New York Mercantile Exchange is 10,000 million British thermal units (mmBtu).[1]

Tick Value

$0.001 (0.1¢) per mmBtu ($10.00 per contract).[1]

Daily Price Limit

$3.00 per mmBtu ($30,000 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 $3.00 per mmBtu in either direction. If another halt were triggered, the market would continue to be expanded by $3.00 per mmBtu in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM until 5:15 PM via the CME Globex® trading platform, 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): 9:00 AM until 2:30 PM, New York Time.[1]

Last Trading Day

Trading terminates three business days prior to the first calendar day of the delivery month.[1]

Deliverable Grades

Pipeline specifications in effect at time of delivery.[1]

References

  1. 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 Natural Gas futures
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