How does NYMEX natural gas settle?
If the last trade price is outside of the bid/ask spread, then the contract settles to the nearest bid or ask price. 2. If the last trade price is within the bid/ask spread or if a bid/ask is not available, then the contract settles to the last trade price.
What time does NYMEX settle?
The first six contract months in NYMEX WTI Crude Oil futures (CL), Natural Gas futures (NG), Heating Oil futures (HO), and RBOB Gasoline futures (RB) are settled by CME Group staff based solely upon trading activity on CME Globex between 14:28:00 and 14:30:00 Eastern Time (ET).
What is the NYMEX natural gas price?
Recent Contracts
| Last | Chg | |
|---|---|---|
| Natural Gas (NYM $/mmbtu) Front Month | $5.187 | -0.045 |
| Natural Gas May 2022 | $5.251 | -0.023 |
| Natural Gas Jun 2022 | $5.297 | -0.019 |
| Natural Gas Jul 2022 | $5.343 | -0.023 |
What is NYMEX last day settle?
NYMEX Last Day Settle means the expiration price of the natural gas contract on the day that trading of the underlying monthly contract is terminated.
What is the difference between Henry Hub and NYMEX?
NYMEX is the cost of the commodity, or the actual gas molecules, and is based on the price of gas at a set point: Henry Hub, Louisiana. Basis is the regional differential to the NYMEX Henry Hub price and can be an additional adder or discount to the NYMEX price.
What’s traded on NYMEX?
The energy futures and options contracts including contracts of crude oil, heating oil, natural gas, gasoline palladium, platinum, gold, and others are traded on the NYMEX. The earliest version of the NYMEX was formed in 1872, as a group of Manhattan dairy merchants founded the Butter and Cheese Exchange of New York.
How is the price of natural gas determined?
If the price for natural gas is based on $ per 1,000 cubic feet, divide that number by 10 to enter above. For example, if the cost for natural gas is $17.50 per 1,000 cubic feet, then divide by 10 and enter 1.75 as the price per therm. ** Enter the price of electricity in dollars.
What time does natural gas futures open?
Natural Gas Futures
| Natural Gas Futures Contract Specifications | |
|---|---|
| Trading Hours | CME Globex: Sunday – Friday 6:00 p.m. – 5:15 pm ET with a 45-minute break each day beginning at 5:15 pm ET |
| CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 pm ET with a 45-minute break each day beginning at 5:15 pm ET |
What time does WTI Crude stop trading?
Trading Times Electronic trading of crude oil futures is conducted from 6:00 p.m. U.S. until 5:00 p.m. U.S. ET via the CME Globex® trading platform, Sunday through Friday.
How do ES futures settle?
Daily settlement of the E-Mini S&P 500 futures (ES) is equal to the daily settlement price of the S&P 500 futures (SP), rounded to the nearest tradable tick. The lead month is the anchor leg for settlements and is the contract expected to be the most active.
What is the CMA NYMEX price?
The pricing formula is deceptively simple: Price per barrel = NYMEX Calendar Month Average price (CMA), plus the “roll,” plus the Midland/Cushing basis, less the crude purchaser’s trucking deduct (which covers the actual cost to truck the oil, plus the purchaser’s profit)
When does NYMEX settle?
The NYMEX has been using Henry Hub, owned by Sabine Pipeline Company, as the delivery point on its contracts since 1990. Through the use of a pricing differential, NYMEX traders use Henry Hub to arrive at a settlement price for natural gas each month. The pricing differential takes into account such factors as regional market conditions, transportation costs and transmission capacity.
What is the current price for natural gas?
The price of natural gas in October 2021 was CDN $4.01 per gigajoule, up 101.5% from October 2020.
How much does natural gas cost?
The eye-watering cost of filling up a vehicle with fuel in Britain has been revealed by new data showing how much motorists pay to fill up their tanks all over the world. Motorists in Russia pay around 94p a litre less for their petrol than drivers in
