This ductile metal is famed for its thermal and electrical conductivity and graces all kinds of products in homes and commercial applications. Over thousands of years, copper and its alloys have been present in civilization and contributed to the history of humankind. In fact, when alloyed with tin to become bronze, copper gave rise to a new era in development. Contracts on copper and copper futures are traded around the world, but the following specifications refer to the CME Group copper futures contract.
Contract Size: 25,000 pounds
Price Quote & Tick Size: US cents per pound; minimum tick size is in multiples of five one-hundredths of one cent (0.05¢ or $0.0005) per pound, equivalent to $12.50 per contract. A fluctuation of one cent (1¢ or $0.01) is equivalent to $250 per contract.
Contract Months: Open outcry trading is conducted from 8:10 AM until 1:00 PM ET.
Trading Specs: Electronic trading is conducted via the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM.
Daily Price Limit: As of date of initial publishing, there were no daily limits; however, it is wise to consult the exchange.
Trading Symbols: HG