Markets / Copper
Copper
Dec Copper futures · $ per pound
Copper is up 19.6% since January 1. By this point in a typical year (2021–2025) it was up 6.8%. From here to year-end, the price rose in 3 of the last 5 years, up 3.1% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
As of Tuesday, Oct 6, hedge funds and commodity advisors are net long 61,134 contracts (less bullish than the week before, -16,924). That's more bullish than 77% of weeks in the last 3 years. CFTC Commitments of Traders, Disaggregated Futures Only. Published Fridays with Tuesday's positions.
Every contract month
Copper futures trade every month.
Deferred months are priced above Dec Copper (a carry): the market is paying to store it.
| Month | Last | Change | vs. Dec |
|---|---|---|---|
| Oct Copper | 6.7025 | +0.4¢ | -4.45¢ |
| Nov Copper | 6.7185 | +0.2¢ | -2.85¢ |
| Dec Copper | 6.7470 | unch | — |
| Jan Copper | 6.7920 | +0.55¢ | +4.5¢ |
| Feb Copper | 6.8105 | -1¢ | +6.35¢ |
| Mar Copper | 6.8530 | -0.15¢ | +10.6¢ |
| Apr Copper | 6.9160 | +8.2¢ | +16.9¢ |
| May Copper | 6.9280 | +0.45¢ | +18.1¢ |
| Jun Copper | 6.9680 | +6.7¢ | +22.1¢ |
| Jul Copper | 6.9990 | +1.05¢ | +25.2¢ |
| Aug Copper | 7.0340 | +6.75¢ | +28.7¢ |
| Sep Copper | 7.0700 | +1.9¢ | +32.3¢ |
Text me when Dec Copper hits my number
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Set up Dec Copper alertsWhy it moved
Copper Gains on Supply Disruptions.
About this market
COMEX copper, 25,000 lb.