Copper

View all Copper Products

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
HGZ7 Copper Futures - DEC 2017	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

- Copper: Sustained Rally Hinges on China, Trump Can copper's sharp rally be sustained? It depends on whether China maintains its growth, and Congress approves infrastructure spending and tax reform.
- Factors That Can Blunt Copper's Blistering Rally Copper's sharp price rally has been fueled by expectations of a U.S. fiscal stimulus package, China's still respectable growth rate, and supply disruption.
- Erik Norland Discusses Copper Supply and Demand Dynamics Watch senior economist Erik Norland explain the supply & demand dynamics of copper, including how China’s economy mining prices affect the markets.
- Copper: Will Fed Rate Hikes Temper Rally? Copper's blistering rally coincides with the Fed gearing up for multiple rate hikes in 2017. Will higher borrowing costs impact the red metal's performance?

- Product Resources
- Watch Now: COMEX Copper Futures Webinar Join Dave Lerman of CME Group as he takes a closer look at COMEX Copper futures, including the key benefits you can leverage today.
- Copper Futures Off to Historic Start On February 13, COMEX Copper futures reached its 14th open interest record of 2017. Read more.
- 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 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 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 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.

Contact Us

Copper Essentials

More in Base Metals

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.