Natural Gas Futures

QUOTE AND NEWS
Resource Investor  Mar 12  Comment 
Natural gas futures fell in New York as moderating weather cuts demand for the heating fuel.
Mondo Visione  Mar 4  Comment 
IntercontinentalExchange (NYSE:ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that ICE U.K. National Balancing Point (NBP) Natural Gas futures achieved a daily...
SeekingAlpha  Feb 24  Comment 
By Hard Assets Investor: By Sumit Roy Anyone who has been following energy markets is well aware that natural gas prices have been spiking. Just today they reached a fresh five-year high at $6.49/mmbtu before tumbling to last trade at...
SeekingAlpha  Feb 19  Comment 
By Michael Fitzsimmons: Natural gas futures broke above $6/MMBtu today. It's the first time in many years since natural gas prices have been this high. This continues the trend I reported a month ago in The Natural Gas Storage Glut Is Over. At...




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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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