Copper Futures and Options

COMEX Copper futures can be used as a hedging tool for copper price mitigation for a range of market participants.

Benefit from global price discovery and opportunities for portfolio diversification, as well as:

  • Liquidity: Experience global liquidity around-the-clock
  • Cost-Efficient: Affordable, transparent exchange fees with margin offset savings
  • Extensive trading opportunities: Cyclical movements in construction and industrial machinery and political situations affecting government-controlled copper mining
  • Central clearing: Guaranteed counterparty credit and segregation of customer funds
  • Price transparency: Equal access while maintaining anonymity in bids and offers
Product Last Change Chart Globex Vol
3.1750 -0.0205 Show Price Chart 117,048

Copper Futures Volume and Open Interest

Copper futures have seen record open interest in 2017 and it continues to grow.

Recent Research

    • COMEX Copper Update
    • COMEX Copper Update Read a review of recent developments in the Copper market, including daily volume and open interest, volatility, notional value and more.
    • COMEX Copper Futures at a Glance
    • COMEX Copper Futures at a Glance View a visual representation of the contract specs for COMEX Copper futures at CME Group. See trading codes, contract size, warehouse rules, and more.
    • Monthly Metals Product Update
    • Monthly Metals Product Update Keep up with recent changes in the metals markets, including rising Precious and Base Metals ADV and record aluminum OI. Learn more.
    • 2017 Metals Product Guide
    • 2017 Metals Product Guide 2017 Metals Product Guide The 2017 Metals Product Guide is a compilation of all the information you need about CME Group Metals products, including trading hours, contract specifications, a 2017 tra...

Benefit from Copper Margin Offsets

Significant savings

The initial margin charge on a Copper contract could be partially offset if you have the opposite position in another commodity contract cleared through the same FCM at CME Group.

Copper could be offset with other liquid commodity contracts at CME Group, including  other base and precious metals, ferrous metals, energy and FX products.

Base Metals and Ferrous Margin Offsets
ALI – Aluminum futures 50%
ZNC – Zinc futures 50%
TIO – Iron Ore futures 45%
ALA, ALB 30%
AUP, EDP – Aluminum Premium futures 20%
Crude Oil Margin Offsets
CL – NYMEX Crude Oil futures 35%
CS -WTI Calendar futures 35%
OQ – DME Oman Crude Oil 30%
MFF - Coal API4 futures 30%
Equities Margin Offsets
XAI - Industrial Select Sector Futures 45%
XAB - Materials Select Sector Futures 45%
FX Margin Offsets
AD - Australian Dollar futures 40%

* Margins are subject to change. Above data as of October 3, 2017. View most current rates.

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