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 Specifications

ContractParameters
Contract TypeFuture
Contract NameCopper
Contract SymbolDCU
UnderlyingGrade 1 Electrolyte Copper Cathodes (full plate or cut) conforming to American Society for Testing and Materials (B115-00), or its latest revision
Contract Size5 Metric Tonnes (MT)
Notional Contract Value5 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars per MT
Tick SizeUS$ 0.50
Tick ValueUS$ 2.50
Settlement BasisCash 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)Two business days prior to the last business day of the contract month
Trading DaysExchange Business Days
Trading Hours07:00 – 23:55 Hours Dubai time
Trading MonthsFebruary, April, June, August and November
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Contract Calendar

Expiry MonthExpiry CodeLast Trading Day
Mar'20DCU-2020022626-Feb-20
May'20DCU-2020042828-Apr-20
Jul'20DCU-2020062626-Jun-20
Sep'20DCU-2020082727-Aug-20
Dec'20DCU-2020112525-Nov-20