NYMEX
Natural Gas (NG) Tick Value & Contract Specs
Tick value $10.00 per tick — 10,000 MMBtu of natural gas.
- Exchange
- NYMEX
- Contract size
- 10,000 MMBtu of natural gas
- Tick size
- 0.001
- Tick value
- $10.00
- Point value (multiplier)
- $10000
- Trading hours
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
- Margin
- Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.
How NG tick value works
tick value = tick size × multiplier. For NG, that is 0.001 × $10000 = $10.00 per tick, per contract.
One contract represents 10,000 MMBtu of natural gas. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.
Frequently asked questions
- What is the tick value for NG?
- $10.00 per tick — a 0.001 tick size × a $10000 multiplier (point value).
- What is one NG contract worth?
- One contract represents 10,000 MMBtu of natural gas. Notional value = price × $10000; use the tick value calculator with the current price for an exact figure.
- Which exchange lists NG?
- Natural Gas (NG) trades on the NYMEX.
- What are the trading hours for NG?
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
- How much margin do I need to trade NG?
- Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.
- How is P&L calculated for NG?
- P&L = (exit price − entry price) ÷ 0.001 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.
Specs last reviewed 2026-06-01. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.