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Copper Premium Grade A CIF Shanghai (Metal Bulletin) Futures Contract Specs

Contract Unit 25 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.25 per metric ton = $6.25
Product Code CME Globex: CUP
CME ClearPort: CUP
Clearing: CUP
Listed Contracts Monthly contracts listed for 18 consecutive months.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the arithmetic average calculated to two decimal places of each available daily midpoint of the Copper Grade A cathode, cif Shanghai, $/tonne for that given calendar month published by Fastmarkets MB.
Termination Of Trading Trading terminates on the last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 972
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing