The New York Mercantile Exchange (NYMEX) is the commodity exchange based in New York City where the natural gas futures and options and other energy futures are traded. There are two platforms on which natural gas is traded: traditional pit trading and Globex. The traditional manner, open outcry in the pit, is traded Monday through Friday from 9:00 a.m. until 2:30 p.m. EST with the exception of holidays. Globex is an electronic platform traded Sunday through Friday from 6:00 p.m. until 5:15 p.m. EST.
The natural gas futures contract is a standardized contract for the purchase or sale of natural gas for future delivery under the provisions of exchange regulations. The standard contract for natural gas at Henry Hub is 10,000 MMBtu. Henry Hub is a pipeline interchange near Erath, LA and it is the standard delivery point for the NYMEX natural gas futures contract. Normally, the gas purchased or sold at Henry Hub through a NYMEX futures contract is financial in nature; therefore the physical gas is bought or sold at a pipeline that delivers the gas to the intended market.
The NYMEX natural gas futures contract can be extremely volatile. A number of factors can influence the trading of natural gas including the weekly US Storage activity report published on Thursdays at 10:30 a.m. (See the storage page). Other conditions that can affect natural gas prices are tropical storms in the Gulf area, hot summer weather or cold winter weather, and world news events such as 9/11/01.
Please contact your IGS Energy representative at
(877) 923-4447 if you have questions regarding NYMEX or questions on how to use any of our reports as tools for buying gas.
Click here to find your IGS Energy representative.
The natural gas futures contract is a standardized contract for the purchase or sale of natural gas for future delivery under the provisions of exchange regulations. The standard contract for natural gas at Henry Hub is 10,000 MMBtu. Henry Hub is a pipeline interchange near Erath, LA and it is the standard delivery point for the NYMEX natural gas futures contract. Normally, the gas purchased or sold at Henry Hub through a NYMEX futures contract is financial in nature; therefore the physical gas is bought or sold at a pipeline that delivers the gas to the intended market.
The NYMEX natural gas futures contract can be extremely volatile. A number of factors can influence the trading of natural gas including the weekly US Storage activity report published on Thursdays at 10:30 a.m. (See the storage page). Other conditions that can affect natural gas prices are tropical storms in the Gulf area, hot summer weather or cold winter weather, and world news events such as 9/11/01.
Please contact your IGS Energy representative at
(877) 923-4447 if you have questions regarding NYMEX or questions on how to use any of our reports as tools for buying gas.
Click here to find your IGS Energy representative.
