Copper Futures

  • Copper is a malleable, ductile, metallic element having a characteristic reddish-brown color: used in large quantities as an electrical conductor and in the manufacture of alloys, as brass and bronze. Copper is found as a pure metal in nature, and this was the source of the first metal to be used by humans, ca. 8,000 BC; it was the first metal to be smelted from its ore, ca. 5,000 BC; it was the first metal to be cast into a shape in a mold, ca. 4,000 BC; and it was the first metal to be purposefully alloyed with another metal, tin, to create bronze, ca. 3,500 BC

    Copper contract on DGCX platform offers international benchmark pricing contract for investors, speculators, hedgers and arbitragers.

    • Trade your views on the International benchmark Copper futures prices
    • Arbitrage opportunity with the highly correlated Copper forwards and futures benchmark prices.
    • Low cost structure
    • USD denominated, Intention matching mechanism for delivery
    • Lot size of 5 MT
    • Tick size of USD 1 per MT and tick value of USD 5
    • Efficient margining for optimal leverage
    • 5 contract months (covering approximately a calendar year) available at any given point of time
    • Live prices available under marketwatch link on DGCX website
  • ContractParameters
    Contract Type Future
    Contract Name Copper
    Contract Symbol DCU
    Underlying Grade 1 Electrolyte Copper Cathodes (full plate or cut) conforming to American Society for Testing and Materials (B115-00), or its latest revision
    Contract Size 5 Metric Tonnes (MT)
    Notional Contract Value 5 x Price
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars per MT
    Tick Size US$ 0.50
    Tick Value US$ 2.50
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on the publicly available reference price displayed on Last Trading Day, using conversion factor of 2,204.623, rounded to nearest tick
    Last Trading Day (LTD) Three Business Days prior to the last Business Day of the contract month
    Trading Days Exchange Business Days
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months February, April, June, August and November
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 200 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    No Cancellation Range See link:

  • Expiry MonthExpiry CodeLast Trading Day
    Dec'18 DCU-20181128 28 Nov 2018
    Mar'19 DCU-20190226 26 Feb 2019
    May'19 DCU-20190426 26 Apr 2019
    Jul'19 DCU-20190626 26 Jun 2019
    Sep'19 DCU-20190828 28 Aug 2019