NG tick value and contract specs
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 NG tick value?
One NG tick is $0.001 per MMBtu, worth $10 per contract. A 10-cent move per MMBtu is worth $1,000, so a move of $0.05 per MMBtu is 50 ticks, or $500 on one contract.
NG contract specifications
From CME Group, read 2026-09-22.
Specification
Value
Source: CME Group - Henry Hub Natural Gas contract specs, retrieved 2026-09-22. Margin is omitted: it changes often and differs by broker.
NG ticks to dollars
Profit or loss = ticks moved × tick value × contracts.
Price move
Ticks
1 contract
5 contracts
10 contracts
NG and prop firm drawdown
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 NG contract has $0.20 per MMBtu (200 ticks) of room; five contracts have $0.04 per MMBtu (40 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.
NG 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.
NG hours and holidays
NG 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.
NG contract months
Monthly contracts for the current year and the next 12 calendar years.
Month code
Month
Example symbol
NGZ26 is the December 2026 contract.
Reading a contract symbol
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.
NG micro and mini
NG other sizes
MNG (Micro Henry Hub Natural Gas) tracks the same market at one-tenth the size of NG: one tick is worth $1, against $10.
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 NG?
Prop firms and NG
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 NG before you buy an evaluation.
FAQs - NG
Facts checked 2026-09-22 against CME Group contract specifications.
One NG tick is $0.001 per MMBtu, worth $10 per contract. A 10-cent move per MMBtu is worth $1,000, so a move of $0.05 per MMBtu is 50 ticks, or $500 on one contract.
A 10-cent move per MMBtu is worth $1,000 per NG contract: 100 ticks of $10.
NG 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.
Monthly contracts for the current year and the next 12 calendar years. 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).
NG is physically delivered. Last trading day: The third last business day of the month before the contract month. Most traders roll to the next contract month before then.
CME Group sets the exchange margin for NG 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.
MNG (Micro Henry Hub Natural Gas) tracks the same market at one-tenth the size of NG. One MNG tick is worth $1, against $10 for NG.
Related reference
More futures reference, and where these rules meet prop firm terms.
CL - Light Sweet Crude Oil (WTI) contract specs
MCL - Micro WTI Crude Oil contract specs
QM - E-mini Crude Oil contract specs
MNG - Micro Henry Hub Natural Gas contract specs
Futures contract specs: all contracts
Futures market hours: open now?
CME holiday schedule 2026
Futures tick values explained
Futures contract month codes
Micro vs mini futures
Futures prop firms compared
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