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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
COMEX Copper futures are traded on the COMEX division of the NYMEX under ticker symbol HG in U.S. cents per pound.[1]
The chart at left shows front-month copper prices on the Commodities Exchange (COMEX) in U.S. cents per pound.
Delivery Dates
COMEX Copper futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November, and December (all months).[1]
The following is a table with COMEX Copper futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
| Delivery Month | Full Ticker Symbol | Thomson-Reuters Symbol |
| January, 2009 | HGF9 | HG/F9-NC |
| February, 2009 | HGG9 | HG/G9-NC |
| March, 2009 | HGH9 | HG/H9-NC |
| April, 2009 | HGJ9 | HG/J9-NC |
| May, 2009 | HGK9 | HG/K9-NC |
| June, 2009 | HGM9 | HG/M9-NC |
| July, 2009 | HGN9 | HG/N9-NC |
| August, 2009 | HGQ9 | HG/Q9-NC |
| September, 2009 | HGU9 | HG/U9-NC |
| October, 2009 | HGV9 | HG/V9-NC |
| November, 2009 | HGX9 | HG/X9-NC |
| December, 2009 | HGZ9 | HG/Z9-NC |
Contract Specifications
Contract Size
One COMEX Copper futures contract on the COMEX division of the NYMEX is 25,000 pounds.[1]
Tick Value
Price changes are registered 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.[1]
Daily Price Limit
None.[1]
Trading Hours
- On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time.[1]
- Open Outcry (pit session): 8:10 AM until 1:00 PM, New York Time.[1]
Last Trading Day
Trading terminates at the close of business on the third to last business day of the maturing delivery month.[1]
Deliverable Grades
Grade 1 electrolytic copper conforming to the specification B115 as to chemical and physical requirements, as adopted by the American Society for Testing and Materials, and of a brand approved and listed by the Exchange.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The COMEX division of the NYMEX's contract specification for COMEX Copper futures
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