Henry Hub Natural Gas futures (NG) are standardized futures contracts listed on NYMEX, part of CME Group, that provide market participants with exposure to U.S. natural gas prices.
NG futures contract represents 10,000 MMBtu of natural gas and is based on delivery at the Henry Hub in Louisiana, the primary pricing benchmark for U.S. natural gas. The contract trades electronically on CME Globex nearly 23 hours per day and has a minimum price fluctuation of $0.001 per MMBtu, equal to $10 per contract.
Henry Hub Natural Gas
NG
NYMEX (CME Group)
10,000 MMBtu
Sun to Fri, 5:00 PM to 4:00 PM CT
$0.001/MMBtu
Monthly contracts listed for the current year
Physical Delivery
The minimum price fluctuation for Natural Gas futures (NG) is $0.001 per MMBtu, which equals $10 per contract. This means every one-tick move in NG changes the contract value by $10.
10,000 MMBtu × $0.001 = $10 per tick
| Price Move | Ticks | Value |
|---|---|---|
| $0.001 | 1 | $10 |
| $0.005 | 5 | $50 |
| $0.010 | 10 | $100 |
| $0.050 | 50 | $500 |
| $0.100 | 100 | $1,000 |
Day Trading Margins
Over Night Margins
Day trading margin is the amount required to open and maintain an NG futures position during eligible intraday trading hours.
Overnight margin applies when a position is held beyond the designated day trading session and is generally higher.
Official Exchange Source: CME Group Natural Gas (NG) Contract Specifications
The above information is derived from sources believed to be accurate. It is provided without guarantees and is subject to change without notice.
Explore complete margin schedules on our futures margins page, review transparent broker commissions, or view sister energy contracts including Micro Natural Gas (MNG), E-mini Natural Gas (QG), and Micro WTI Crude Oil (MCL).
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