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CONTRACT SPECIFICATION
Traded Commodity | Copper COMEX |
Commodity Code | CPE |
Contract Size | 25,000 pounds / lot |
Quotation Unit | USD / pound |
Trading Hours (GMT+7) | Monday – Friday: 05:00 - 04:00 (the following day) |
Price Increment | 0.0005 USD / pound |
Expiration Months | As regulated by MXV |
Registration Deadline for Delivery | 5 business days before the first notice day |
First Notice Day | The last business day of the month preceding the expiration month |
Last Trading Day | The last business day of the month preceding the expiration month |
Margin | As regulated by MXV |
Position Limits | As regulated by MXV |
Price Fluctuation Limit | As regulated by MXV |
Payment Method | Physical delivery |
Quality Standards | Standards are detailed below |
Quality Standards:
According to the regulations for the Copper product traded on the COMEX Exchange.
The basic classification of the contract for Grade 1 Copper will be Grade 1 Copper used as cathode (either in sheets or cut into pieces) and must comply with the specifications (chemical and physical requirements) for Copper used as cathode accepted by the American Society for Testing and Materials (B115-00), or the most recent testing process.