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MNG tick value and contract specs
Micro Henry Hub Natural Gas futures on NYMEX: what one tick is worth, the full exchange specification, and what a move costs on a prop firm account.
What is the MNG tick value?
One MNG tick is $0.001 per MMBtu, worth $1 per contract. A 10-cent move per MMBtu is worth $100, so a move of $0.05 per MMBtu is 50 ticks, or $50 on one contract.
MNG contract specifications
From CME Group, read 2026-09-22.
Specification
Value
Source: CME Group — Micro Henry Hub Natural Gas contract specs, retrieved 2026-09-22. Margin is omitted: it changes often and differs by broker.
MNG ticks to dollars
Profit or loss = ticks moved × tick value × contracts.
Price move
Ticks
1 contract
5 contracts
10 contracts
A prop firm’s drawdown limit is a dollar amount, so the useful question is how far the market can move against you before you hit it. On a $2,000 limit, one MNG contract has $2 per MMBtu (2,000 ticks) of room; five contracts have $0.40 per MMBtu (400 ticks). A trailing drawdown shrinks that room as open profit is given back, so measure from where the limit is now, not where it started.
MNG trading hours
Central Time (CT)
Eastern Time (ET)
Daily break
CME sets hours in Chicago time. ET is always CT + 1 hour, because both zones change for daylight saving on the same dates.
MNG trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. See whether it is open right now, in your own time zone, on the futures market hours page. Holidays close or shorten the session — the CME holiday schedule for 2026 lists every one.
MNG contract months
Monthly contracts listed for 24 consecutive months.
Month code
Month
Example symbol
MNGZ26 is the December 2026 contract.
A full symbol is the product code, the month code and the year. How the codes work, and when volume rolls to the next contract, is on the futures month codes page.
MNG micro and mini
NG (Henry Hub Natural Gas) tracks the same market at ten times the size of MNG: one tick is worth $10, against $1.
Sizing in the smaller contract lets you scale a position in finer steps, at the cost of paying commission on more contracts. Micro vs mini futures compares every pair.
Which prop firms allow MNG?
Each futures prop firm publishes its own list of permitted products and its own contract limits, and many count micros differently from minis. We do not yet record those lists symbol by symbol, so this page does not name firms rather than guess. Compare futures prop firms and check the firm’s rules page for MNG before you buy an evaluation.
FAQs — MNG
Facts checked 2026-09-22 against CME Group contract specifications.
What is the tick value of MNG?
One MNG tick is $0.001 per MMBtu, worth $1 per contract. A 10-cent move per MMBtu is worth $100, so a move of $0.05 per MMBtu is 50 ticks, or $50 on one contract.
How much is a 10-cent move per MMBtu worth on MNG?
A 10-cent move per MMBtu is worth $100 per MNG contract: 100 ticks of $1.
What are MNG trading hours?
MNG trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.
What months does MNG trade?
Monthly contracts listed for 24 consecutive months. Month codes: F (Jan), G (Feb), H (Mar), J (Apr), K (May), M (Jun), N (Jul), Q (Aug), U (Sep), V (Oct), X (Nov), Z (Dec).
Is MNG cash-settled?
MNG is financially settled. Last trading day: The fourth last business day of the month before the contract month. Most traders roll to the next contract month before then.
What is the margin for MNG?
CME Group sets the exchange margin for MNG and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.
What is the difference between MNG and NG?
NG (Henry Hub Natural Gas) tracks the same market at ten times the size of MNG. One NG tick is worth $10, against $1 for MNG.
Related reference
More futures reference, and where these rules meet prop firm terms.
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