What Are Copper Futures?
Copper Futures (HG) are futures contracts based on the price of copper, one of the most essential and widely used industrial metals. Copper is vital in industries such as construction, electronics, and manufacturing. Copper Futures allow traders, investors, and manufacturers to hedge against price fluctuations or speculate on future price movements, influenced by factors such as global demand, industrial growth, and supply disruptions.
Contract Size
- Contract Size: 25,000 pounds of copper.
Trading Hours
The Copper Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global metals market.
- Sunday to Friday: 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.0005 per pound.
- Tick Value: $12.50 per tick.
- Minimum Price Fluctuation: $0.0005 per pound.
This makes Copper Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the industrial metals market.
Trading Symbol
- Platform Symbol: HG
Margins
To trade Copper Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Copper Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Used by industrial companies, traders, and manufacturers to hedge against price fluctuations in copper.
- Global Influence: Copper prices are influenced by global industrial demand, economic growth, and geopolitical events.
- Diversification: Add exposure to the industrial metals market to complement equity or agricultural investments.
- Price Discovery: Futures markets provide an effective mechanism for determining the fair price of copper.
Start Trading HG with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Copper Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.