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
Contract Parameters 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: www.dgcx.ae/price-limits
Expiry Month Expiry Code Last 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