Copper, one of the oldest commodities known to man, is a product with fortunes which directly reflect the state of the world economy. It is the world’s third most widely used metal, after iron and aluminum. There is one contract available for trade:
- HG trades in units of 25,000 pounds.
The minimum price fluctuation is $0.0005 (0.05¢) per pound ($12.50 per contract). A fluctuation of $0.01 (1¢) is equivalent to $250 per contract.
- QC (E-mini copper) trades in units of 12,500 pounds.
The minimum price fluctuation is $0.002 per pound ($25 per contract).
Maximum Daily Price Fluctuation is $0.25 per pound.
Contract Expiration: Request Free Demo to gain access to our web-based trading platform. From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.
Margin requirements are subject to change, and are required for open futures positions.
The High Grade Copper futures contract is available to trade via the CME Globex trading platform. Open outcry trading is conducted from 5:10AM PT until 10:00AM PT. Electronic trading is available from 3:00PM PT until 2:15PM PT, with a 45 minute break each day.
Trading example: If you were to purchase 1 contract of HG at 300.00 and the next day it moves to 302.00, you have a profit of $500. Inversely, if it were to move to 298.00, you would have a loss of $500.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To make sense of the information provided and learn how to trade futures please read through our futures education.