E-MINI NATURAL GAS

NYMEX E-mini Natural Gas

CONTRACT SPECIFICATION

Trading Screen Product Name Micro WTI Crude Oil
Commodity Code MCLE
Contract Size 100 barrels / lot
Price Quotation USD / barrel
Trading Hours

Monday - Friday:

6:00 - 5:00 (the next day)

Minimum Price Fluctuation 0.01 USD / barrel
Contract Series Monthly contracts listed for 12 consecutive months and additional Jun and Dec contract months
Delivery Registration Day As MXV required
First Notice Day As MXV required
Last Trading Day As MXV required
Margin As MXV required
Position Limit As MXV required
Price Limit
N/A
Settlement Method Not deliverable
Quality Standards Standards are detailed below

QUALITY STANDARDS

In accordance with the regulations of Henry Hub Natural Gas traded on New York Mercantile Exchange (NYMEX).

Product infomation

Product introduction

Natural gas is a fossil fuel commonly found in oil fields. It is a non-renewable fuel that supplies about 25% of the world's energy supply.
Natural gas, after being processed, will become a clean fuel source, widely applied in the energy industry.

Figure 1: Natural gas rig in the US

Characteristics

Natural gas is a mixture of hydrocarbon organic gases with the largest component being methane, in addition to a few other gases.

Figure 2: Natural gas reserves worldwide (unit: m3)

Use

  • Natural gas is used both in industry and civil
  • In industry, natural gas is used as raw material and fuel for chemical processing.
  • In civil use, natural gas is used in gas stoves and home heating.
  • From natural gas can produce important products such as: LPG, ammonia, methanol, ethylene, propylene, of which ethylene, propylene are important raw materials in the petrochemical industry.

Commerce

At the end of 2019, a representative of the Ministry of Industry and Trade said that Vietnam's natural gas output is currently about 9-10 billion m3. Orientation for the period 2021 - 2025: Gas exploitation output will reach 13-19 billion m3/year; Period 2026 - 2035: Gas production will reach 17-21 billion m3/year. The amount of gas exploited in the country is mainly used to produce electricity (gas power plants).

Figure 3: Leading countries in natural gas exploitation in 2014 (light blue) and 2018 (dark green)
(unit: billion m3)

Impact on natural gas prices

* Influence from exporting and importing countries (economic, political)
* Impact from the cost of transporting gas through the pipeline

Partner

DT1
DT2
DT3
DT4
DT4
DT5
CT6
DT7
DT8
DT9
DT10