Illinois Natural Gas Inventory Forward Sale Contract
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How to fill out Natural Gas Inventory Forward Sale Contract?
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FAQ
The Henry Hub Natural Gas futures contract (NG) on the New York Mercantile Exchange (NYMEX) is widely used as a national benchmark price, at 10,000 million British thermal units (mmBtu).
Basic Info. Henry Hub Natural Gas Spot Price is at a current level of 2.63, up from 2.49 the previous market day and down from 6.23 one year ago.
In futures trading, the point value is the value of each point of price movement in a contract. It is used to calculate the profit or loss of a trade. The point value is determined by multiplying the contract size (e.g. number of barrels of oil, bushels of wheat, etc.)
We forecast Henry Hub prices will increase from the current price between July and December 2023, averaging $2.83/MMBtu through the end of 2023, ing to our July Short-Term Energy Outlook. We expect the price to peak at $3.44/MMBtu in December, up from $2.18/MMBtu in June.
The Natural Gas futures contract trades in 0.001 point increments. As each contract is equal to 10,000 MMBtu, a 0.001 point move equates to $10.00 (0.001 x 10,000).
Individual investors and traders most commonly use futures as a way to speculate on the future price movement of the underlying asset. They seek to profit by expressing their opinion about where the market may be headed for a certain commodity, index, or financial product.
0.001, worth $10.00 per contract.
Commodity info Barchart SymbolNGTrading Hoursp.m. - p.m. (Sun-Fri) (RTH a.m. - p.m.) (Settles p.m.) CSTValue of One Futures Unit$10,000Value of One Options Unit$10,000Last Trading DayTrading terminates three business days prior to the first calendar day of the delivery month8 more rows