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Copper Futures Trading

Copper Futures Trading - Get the latest Copper futures prices, quotes, historical charts, breaking Copper futures news and futures contract specifications.



Copper Futures

Current Copper Futures | Futures Prices

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  • Copper Futures Trading 

    Copper futures, may not reach the pinnacles of gold and silver, but it's worth, and in principle outweighs its monetary gains. For example, copper is used as a hedging tool, for global price discovery, that leads to a diversified portfolio. 

    Copper futures, are considered to be a standardized, exchange traded contracts that both the buyer and seller have to come to a mutual consensus on delivery of goods on a future deliver date. The two markets where copper is exchanged are the London Metal Exchange (LME) and the New York Mercantile Exchange (NYMEX). When quoting prices, under the London Metal Exchange, all contracts are negotiated in dollar and cents/metric ton, with lot sizes of 25 tonnes. In addition, with the New York Mercantile Exchange, everything is traded with 250,000 in dollar and cents/pound. In these two respective markets, the symbol for copper is CA on the London Metal Exchange, with an initial margin of 19%. Moreover, the New York Mercantile Exchange the symbol is HG, with an initial margin of 21%.
     
    Setting goals, when investing, maps out how you want to approach coppers futures. A simple to goal, is to trade virtually, online for couple months, before investing money, to get an idea of the initial losses, or gains that could be made. Get a feel for fluctuations and copper market "personality" When trading futures with a broker, an in-depth analysis of their trading platforms, on how, each contract will be initiated, delivered, and completed, is vital. Understand, there are trading fees, for each contract, and that has to be part of the long term plan and budget, when trading futures

    Copper futures traded on COMEX division of NYMEX are open alomst 24 hours a day 5 days a week. 

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    Product Symbol HG

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    Venue CME Globex, CME ClearPort, Open Outcry (New York)

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    Hours
    (All Times are New York Time/ET)
    CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
    CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
    Open Outcry: Monday - Friday 8:10 a.m. - 1:00 p.m. (7:10 a.m. - 12:00 p.m. CT)

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    Contract Size 25,000 pounds

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    Price Quotation U.S. Cents per pound
    Please note: Prices are disseminated in U.S. Dollars and Cents

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    Minimum Fluctuation $0.0005 per pound

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    Termination of Trading Trading terminates on the third last business day of the delivery month.

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    Visit the exchange website for up to minute schedule: http://www.cmegroup.com/trading/metals/base/copper_contract_specifications.html

    As one of the first online commodity brokers in the industry, Cannon Trading has helped clients all over the world achieve their trading goals. We have been in business since 1988, and have received several customer service awards, and consistently maintained good standing with the NFA and CFTC.

    Our professional commodities brokers will work with you to understand your specific trading style and requirements, and provide you the essential advice and information you need to thrive in this highly lucrative market.

    Cannon Trading's Broker-assisted Trading solution provides traders who are new to the field with the essential advice and tools they need to accelerate their understanding of the copper futures market.

    Contact us today to learn more about commodities trading, as well as information on options prices and contracts. 

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Latest Copper Futures News

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Copper Futures Prices — Historical Chart

Chart of Copper Futures futures updated April 1st, 2016. Click the chart to enlarge. Press ESC to close.

Copper Futures Trading Chart updated April 1st, 2016

Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

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Copper Futures Contract Specifications

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CME Globex Product Symbol (Electronic Trading) HG

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Open Outcry Product Symbol (Trading Floor) DA

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Contract Size

"Contract Unit" shall mean twenty-five thousand (25,000) pounds.

The seller shall deliver one Contract Unit of copper with a weight tolerance of 2% either higher or lower. Said delivery shall be made up exclusively of:

(a) Grade 1 electrolytic cathodes as specified in Rule 111.03; and

(b) The product of one refiner as provided in Rule 111.04

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Grade and Quality Specifications

(1) 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.

(2) If the American Society for Testing and Materials adopts a change in the standard specifications for the aforementioned deliverable grade and such change is adopted and confirmed by the Exchange, copper conforming to the change so adopted, as well as copper conforming to the previous specifications, shall be eligible for delivery against the copper contract; provided, however, that the copper conforming to the previous specifications shall have been placed in a Licensed Warehouse prior to the date of the adoption and confirmation by the Exchange of the new specifications.

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Price Quotation Cents per pound

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Venue CME Globex, CME ClearPort, Open Outcry

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CME Globex Hours (EST) MON 9:05 a.m. - FRI 1:55 p.m. Central Time Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time

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CME ClearPort Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)

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Open Outcry Hours (EST) MON-FRI: 9:05 a.m. -1:00 p.m. Central Time

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Minimum Fluctuation $0.0005 per pound

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Delivery Months and Days

During each calendar month (the "current calendar month"), the Exchange will make available for trading contracts that provide for delivery of Copper in the following months: 1) the current calendar month; 2) the next twenty three consecutive calendar months and; 3) any March, May, July, September, and December falling within a 60-month period beginning with the current month.

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Price Multiples for Grade 1 Copper Contract

Prices shall be quoted in multiples of five one-hundredths of one cent per pound. Contracts made on any other basis are prohibited.

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Warrants

After copper has been placed in a Licensed Warehouse, Warrants stating the brand of cathodes, the number of pieces and such other data as may be required by the Exchange, shall be immediately issued to its owners. Warrants shall be lettered or numbered consecutively by each warehouse and no two receipts shall bear the same letter or number. If letters are used, they must not exceed three (3) characters, and if used in combination with numbers, they must precede the numbers. The numbers must not exceed 7 digits. No Warrant shall be issued for more or less than one contract unit. The Exchange makes no representation respecting the authenticity, validity or accuracy of any document or instrument delivered pursuant to these Rules.

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Delivery Against Grade 1 Copper Contract

(a) Copper may be delivered against the Grade 1 copper contract only from a Licensed Warehouse designated by the Exchange. The Exchange may from time to time add or eliminate Licensed Warehouses after notice to members. Said notice shall fix the time when such changes shall become effective. The addition or elimination of a Licensed Warehouse shall not be deemed to affect the amount of money to be paid or the grade or quality of the copper to be delivered upon Exchange contracts, and shall be binding upon all such contracts entered into before and after the adoption of such change, anything in these By-Laws to the contrary notwithstanding.

(b) Deliveries shall be made without any allowance for freight except as otherwise provided in this subsection (b).

(c) The Warrants shall reference a signed declaration of the Licensed Warehouse, as to the origin of the copper and the grade thereof; such declaration to be in the following form and maintained on file at the Licensed Warehouse. This is to certify that the brand of of copper covered by Warrant #............ issued by ............... (Licensed Warehouse) is the product of ............. (Approved Producer) an approved refiner for delivery of cathodes against the Commodity Exchange, Inc., Grade 1 copper contract and conforming to the specifications for Grade 1 copper cathodes pursuant to the By-Laws and Rules of the Exchange.

The Seller shall provide sufficient information to the Licensed Warehouse to establish the brand and the quality of the Copper being delivered and if so requested the Licensed Warehouse is not required to issue a warrant for any such contract unit until such documentation has been provided.

(d) The receiver shall not be required to accept any tender varying more than 2% above or below twenty-five thousand (25,000) pounds.

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Trading at Settlement

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.

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Rulebook Chapter 111

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Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.

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