# HG Tick Value & Contract Specs (Copper)

> One HG tick is $0.0005 per pound, worth $12.50 per contract. A 1-cent move per pound is worth $250, so a move of $0.05 per pound is 100 ticks, or $1,250 on one contract.

**Source:** https://propfirmpal.com/futures/contracts/hg  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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HG (Copper) ticks in $0.0005 per pound, worth $12.50 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Copper (HG) |
| Exchange | COMEX (CME Group) |
| Asset class | Metals |
| Contract unit | 25,000 pounds |
| Price quotation | US dollars and cents per pound |
| Tick size | $0.0005 per pound |
| Tick value | $12.50 per contract |
| Value of a 1-cent move per pound | $250 |
| Contract months | F (Jan), G (Feb), H (Mar), J (Apr), K (May), M (Jun), N (Jul), Q (Aug), U (Sep), V (Oct), X (Nov), Z (Dec) |
| Trading hours | Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. |
| Settlement | Physically delivered |
| Last trading day | 12:00 noon CT on the third last business day of the contract month. |

_Source: [CME Group — Copper contract specs](https://www.cmegroup.com/markets/metals/base/copper.contractSpecs.html), retrieved 2026-09-22._

## Ticks to dollars

| Price move | Ticks | 1 contract | 10 contracts |
| --- | --- | --- | --- |
| $0.0005 per pound | 1 | $12.50 | $125 |
| $0.01 per pound | 20 | $250 | $2,500 |
| $0.05 per pound | 100 | $1,250 | $12,500 |

## Trading hours

| Central Time (CT) | Eastern Time (ET) | Breaks |
| --- | --- | --- |
| Sun 5:00 pm – Fri 4:00 pm | Sun 6:00 pm – Fri 5:00 pm | 4:00–5:00 pm CT (5:00–6:00 pm ET), Mon–Thu |

## Which prop firms allow this contract

Prop Firm Pal does not yet record firms' permitted products symbol by symbol, so no firms are named here. Compare futures prop firms at https://propfirmpal.com/futures and check each firm's rules for HG.

## Frequently asked questions

### What is the tick value of HG?

One HG tick is $0.0005 per pound, worth $12.50 per contract. A 1-cent move per pound is worth $250, so a move of $0.05 per pound is 100 ticks, or $1,250 on one contract.

### How much is a 1-cent move per pound worth on HG?

A 1-cent move per pound is worth $250 per HG contract: 20 ticks of $12.50.

### What are HG trading hours?

HG trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.

### What months does HG trade?

Monthly contracts for 37 consecutive months, plus any March, May, July, September and December in the nearest 63 months. Month codes: H (Mar), K (May), N (Jul), U (Sep), Z (Dec). Those are the months where most volume trades.

### Is HG cash-settled?

HG is physically delivered. Last trading day: 12:00 noon CT on the third last business day of the contract month. Most traders roll to the next contract month before then.

### What is the margin for HG?

CME Group sets the exchange margin for HG and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.

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