MCX is launching Natural Gas Mini futures contract

The Multi Commodity Exchange (MCX) has announced the launch of Natural Gas mini futures contracts with effect from Tuesday, March 14th, 2023 onwards. You can check the announcement from the exchange here.

Natural Gas Mini Futures contracts will be available for trading as below:

Contract Launch date Contract Expiry Date Contract Expiry Month
March 14, 2023 April 25, 2023 April 2023
March 14, 2023 May 25, 2023 May 2023

Contract Specifications of Natural Gas Mini

Particulars Details
Contract Listing Contracts are available as per the Contract Launch Calendar.
Contract Start Day As per the Contract Launch Calendar.
Last Trading Day As per the Contract Launch Calendar.
Contract Duration Maximum of 3 months, at any point of time 3 calendar months will be available for trading.
Trading Period Mondays through Fridays
Trading Session Mondays through Friday: 09.00 am to 11.30/ 11.55pm* * based on US daylight saving time period.
Trading Unit 250 MMBtu
Quotation/Base Value Rs. per MMBtu
Maximum Order Size 60,000 MMBtu
Tick Size (Minimum Price Movement) 10 paise (0.10 rupees)
Daily Price Limits The exchange has implemented a narrower slab of 4%. Whenever the narrower slab is breached, the relaxation will be allowed up to 6% without any cooling off period in the trade. In case the daily price limit of 6% is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed up to 9%.
In case price movement in international markets is more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3%.
Initial Margin Minimum 10% or based on SPAN whichever is higher
Extreme Loss Margin Minimum 1%
Additional and/ or Special Margin In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit; will be imposed in respect of all outstanding positions.
Maximum Allowable Open Position For individuals: 60,00,000 MMBtu or 5% of the market wide open position, whichever is higher for all Natural gas contracts combined together. For a member collectively for all clients: 6,00,00,000 MT or 20% of the market wide open position, whichever is higher for all Natural gas contracts combined together.

Contract Launch Calendar for Natural Gas Mini for contracts expiring during the Calendar Year 2023

Contract Month Contract Launch Date Contract Expiry Date
Apr-23 14th March 2023 25th April 2023
May-23 14th March 2023 25th May 2023
Jun-23 29th March 2023 27th June 2023
July-23 26th April 2023 26th July 2023
Aug-23 26th May 2023 28th August 2023
Sep-23 28th June 2023 26th September 2023
Oct-23 27th July 2023 26th October 2023
Nov-23 29th August 2023 27th November 2023
Dec-23 27th September 2023 26th December 2023