Copper Futures
Copper Basics
Copper is unique among other metals because it can establish the state of economic growth in a given country. For example, if the demand for copper is increasing, then the economy is expanding. In fact, the World Bureau of Metal Statistics has cited an 8% increase in copper consumption during 2010 alone—most notably in Asia—and since then, the demand has continued to climb. Because copper is so vital for construction and electric wiring, it is no wonder this precious metal maintains its significance alongside silver and gold in futures investing.
SPECIAL OFFER: The Weekly Gold Digger Newsletter
Get a Free Trial of The Weekly Gold Digger!
Written by Leslie Burton, The Weekly Gold Digger is a weekly publication to hone in on the Gold market in the present economic environment. The Gold market is tracked and forecast in its relationship to the US Dollar Index and many other markets that may affect the price.
Copper Futures Contract Specifications
| Product Symbol | HG |
| Venue | CME Globex, CME ClearPort, Open Outcry (New York) |
| Trading Hours (All Times are New York Time/ET) |
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. with a 45-minute break each day beginning at 5:15 p.m. CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. with a 45-minute break each day beginning at 5:15 p.m. Open Outcry: Monday – Friday 8:10 a.m. – 1:00 p.m. |
| Contract Size | 25,000 pounds |
| Price Quotation | U.S. Cents per pound Please note: Prices are disseminated in U.S. Dollars and Cents |
| Minimum Fluctuation | $0.0005 per pound |
| Termination of Trading | Trading terminates on the third last business day of the delivery month. |
| Listed Contracts | Trading is conducted for delivery during the current calendar month, the next 23 calendar months, and any March, May, July, September, and December falling within a 60-month period beginning with the current month. |
| Settlement Procedure | Physical |
| Delivery Period | Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month. |
| Trading at Settlement (TAS) | Trading at Settlement is allowed in the active contract month. The active contract months will be March, May, July, September and December. On any given date, TAS transactions will be allowed only in a single contract month. TAS transactions may be executed at the current day's settlement price or at any valid price increment ten ticks higher or lower than the settlement price. |
| Grade and Quality Specifications | The contract (basis) grade for the Grade 1 copper contract shall be Grade 1 Electrolytic Copper Cathodes (full plate or cut) and shall conform to the specifications (as to chemical and physical requirements) for Grade 1 Electrolytic Copper Cathode as adopted by the American Society for Testing and Materials (B115-00), or its latest revision. |
| Exchange Rules | These contracts are listed with, and subject to, the rules and regulations of COMEX. |
Source: CME Group
SPECIAL OFFER: The Weekly Gold Digger Newsletter
Get a Free Trial of The Weekly Gold Digger!
Written by Leslie Burton, The Weekly Gold Digger is a weekly publication to hone in on the Gold market in the present economic environment. The Gold market is tracked and forecast in its relationship to the US Dollar Index and many other markets that may affect the price.
Metal Futures Market News
- Copper futures climb with strong Chinese import, export data: [May 08 06:07 AM] Active trade data from the globe's top consumer helped push copper futures to their top price in about 21 days on Wednesday, spurring speculation about a resumption of strong demand for the base metal, according to Reuters. Read more
- Gold futures edge down as euro zone leaders aim to control fiscal issues: [May 07 06:21 AM] Gold futures on Tuesday were slumping amid indications that leaders in the debt-hobbled euro zone are set to implement efforts to control the fiscal crisis, according to Bloomberg. Read more
- Gold demonstrates volatility yet headed toward weekly gains: [Apr 26 07:09 AM] Increased demand prompted by weak U.S. gross domestic product data from the first quarter of the year prompted gold futures to surge on Friday as the yellowish metal barreled toward achieving its biggest weekly gain in about two years, according to Bloomberg. Read more
- Copper futures reverse three straight days of losses: [Apr 24 07:22 AM] Copper futures were increasing in value on Wednesday, reversing three consecutive trading sessions of losses amid speculation that worldwide central banks might be poised to intervene to spur economies, Bloomberg reports. Read more
- Copper futures dragged down by poor Chinese data: [Apr 23 07:26 AM] Underwhelming economic data released by China on Tuesday prompted copper futures to slump to their lowest price in 18 months, according to Reuters. Read more
Copper Futures Price Quotes and Charts
 |
Copper Quotes + Charts - Complete market data and enhanced features such as key technical numbers. Create your own Custom Quote Portfolio to enhance your Copper trading experience. |
Copper Market Commentary, Analysis and Trade Recs
Get IMA Daily Metal Futures Market Reports
With your free trial membership to the dt Insider Market Advisory (IMA), you'll receive full access to our exclusive trade recommendation service and all of the timely and accurate trade information you need to feel comfortable participating in the markets.
Share dt News:
Follow our breaking news stories and get a unique take on current events that may impact the Copper futures markets.
- Subscribe to our commodity news updates by email
- Receive real-time updates with our RSS feed
- Follow us on Twitter @DanielsTrading
- Become a fan on Facebook
