Copper Futures (HG) — Contract Specifications
COMEX · Metals
Quoted in US cents per pound. Widely read as a growth indicator because of copper's role in construction and electrification.
Contract specifications
| Exchange symbol | HG |
|---|---|
| Exchange | COMEX |
| Contract size | 25,000 pounds |
| Minimum tick | $0.0005 per pound |
| Value per tick | $12.50 |
| Contract months | Mar, May, Jul, Sep, DecMonth codes: H, K, N, U, Z |
| Settlement | Physical delivery |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
What one tick is worth
The minimum price increment is $0.0005 per pound. Because the contract covers 25,000 pounds, each tick is worth $12.50 per contract.
This contract is physically delivered. Holding it past first notice day starts the delivery process, so traders without a use for the underlying normally close or roll well before then — see how rollover works.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Micro Copper MHG · COMEX | 2,500 pounds | $1.25 |