Copper Price

How Is Copper Priced?

The futures copper price is the agreed-upon price for a copper transaction that will settle at a specified future date. Copper futures are standardized contracts traded on centralized exchanges, where buyers and sellers commit to transact a certain amount of copper bullion at a predetermined price on a set, future date. The largest derivatives marketplace in the world, the CME Group, operates four futures exchanges, including COMEX for trading copper futures. COMEX futures contracts are leveraged derivative products, typically settled in the form of cash, but traders in long positions may stand for and take physical delivery after contract settlement. And unlike OTC contracts that settle with immediate delivery, COMEX futures contracts settle at a future date. The HG1! is the “front month” contract, which is the nearest expiring futures contract. The front month futures contract captures a majority of trading volume, offering liquidity for all market participants.

COMEX copper futures contacts are quoted on a per pound basis, with a standard contract size of 25,000 pounds.

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