What are copper futures?
Copper futures (HG) are exchange-traded contracts on the New York Mercantile Exchange (NYMEX). Copper is the world's third most widely used metal after iron and aluminum and is primarily used in industries such as construction and industrial machinery manufacturing. While there are a lot of trading opportunities around the cyclical nature of these main industries, copper futures are also sensitive to the political situation, particularly in those countries where copper mining is a government-controlled enterprise.
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Copper futures contracts are offered through NYMEX on the Globex® trading platform and are available to trade electronically through Schwab nearly 24 hours per day, 6 days per week. In addition to copper futures, COMEX-listed gold futures contracts (GC) and NYMEX-listed silver futures contracts (SI) are available to trade at Schwab nearly 24 hours per day, 6 days per week. An account approved to trade futures is required in order to trade copper futures.
Copper futures contract specifications
Considering trading copper futures? Here are the copper futures contract specifications.
|Exchange, Product Name, Product Code||COMEX, Copper, HG|
|Contract Size||25,000 pounds|
|Minimum Tick Size and Value||0.0005, worth $12.50 per contract.|
|Trading Times||Electronic trading of copper futures is conducted from 6:00 p.m. U.S. ET until 5:00 p.m. U.S. ET via the CME Globex® trading platform, Sunday through Friday.|
|Principal Trading Months||There are copper futures contracts with expirations all twelve months of the year.|
At Schwab, you also get access to advanced trading platforms and education, where you can take advantage of market research, real-time copper futures quotes, and other specialized tools.
Why trade copper futures?
- Why trade copper futures?
- Benefits and risks of trading copper futures
Futures trading at Schwab
Take advantage of competitive per contract pricing plus specialized tools, research, and support.
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