Copper rollover dates

Tick

$12.500.0005 per tick

One point

$25,000per contract

Initial margin

$11,000exchange, as of 27 Oct 2026

Front contract

HGZ26roll by 25 Nov 2026

Calendar as of 27 Oct 2026How we source this

Next contracts

Futures contracts expire, so a trader who wants to keep a position must close the expiring contract and open the next one: the roll. For Copper (HG) the current front contract is HGZ26, with a last trading day of 29 Dec 2026 and a first notice day of 30 Nov 2026. The next contract is HGH27.

The exchange rule we apply for HG: Last trade: 3rd last business day of the contract month. First notice: last business day of the month before. HG is physically delivered: holding a position into the delivery period can create an obligation to make or take delivery, which is why speculative traders normally close or roll before the first notice day or last trading day.

The suggested roll date of 25 Nov 2026 is a convention, not an exchange rule. It is set a little before the first notice or last trading day, because liquidity moves to the next contract and many brokers require positions to be closed or rolled before then. Dates are calculated from the exchange's rules and its holiday calendar. The exchange calendar is the authority.

Roll convention: Suggested roll: 2 business days before the earlier of first notice day and last trade. A convention, not an exchange rule; brokers may require earlier exit. Exchange calendar: https://www.cmegroup.com/markets/metals/base/copper.calendar.html

Days to rollover

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