On this page
Contract specifications
- Contract symbol
- HGZ8
- Product
- Copper (HG)
- Exchange
- COMEX
- Delivery month
- December 2028 (code Z)
- Roll anchor
- November 28, 2028
- Official last trading day
- December 27, 2028
- Default rolls on
- November 24, 2028 (4 days before)
- Tick size
- 0.0005
- Tick value
- $12.50
- Point value
- $25,000.00
- Next delivery
- first 2029 contract
The date that matters on HGZ8
The first notice day of HGZ8 is November 30, 2028, the last business day of the month preceding delivery. Senzoukria anchors its roll two business days earlier, on November 28, 2028.
This date is not the last trading day. A metal contract keeps quoting into its delivery month, but past the first notice day it is deliverable, liquidity collapses, and most brokers and prop firms liquidate what is left. Senzoukria therefore anchors its roll two business days before the first notice day and never offers a contract already in its delivery period.
HGZ8 itself keeps quoting until its official last trading day, December 27, 2028, the third-to-last business day of its delivery month, but that session sits inside the delivery period and is not where the volume is.
Senzoukria stops offering HGZ8 as the default contract on November 24, 2028, 4 calendar days before that roll anchor, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Metal contracts stay quoted into their delivery month, but the volume leaves before the first notice day. The active month is rarely the one whose name matches the calendar, so checking the date rather than the month name is the habit that avoids trading a dying contract.
HGZ8 is the last 2028 delivery listed for HG, so the volume moves into the first 2029 contract.
What one tick is worth on HGZ8
The minimum price fluctuation is 0.0005, which is $12.50 per contract on a multiplier of 25000. A full point is therefore $25,000.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.0005 sets how finely the bid and ask volume of HG can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a HGZ8 position and the rows of its footprint come from the same numbers.
Every HG delivery listed in 2028
HG lists 5 delivery months a year (H, K, N, U, Z). HGZ8 is number 5 of 5 in 2028.
| Contract | Delivery | Roll anchor | Default rolls on |
|---|---|---|---|
| HGH8 | Mar 2028 | Feb 25, 2028 | Feb 21, 2028 |
| HGK8 | May 2028 | Apr 26, 2028 | Apr 22, 2028 |
| HGN8 | Jul 2028 | Jun 28, 2028 | Jun 24, 2028 |
| HGU8 | Sep 2028 | Aug 29, 2028 | Aug 25, 2028 |
| HGZ8 (this page) | Dec 2028 | Nov 28, 2028 | Nov 24, 2028 |
HGZ8 and MHGZ8 side by side
HG and MHG track the same underlying, but HG is 10 times the size of MHG: $12.50 a tick against $1.25. Both quote on the same 0.0005 tick. HGZ8 and MHGZ8 share the same roll anchor, November 28, 2028, so a position in either rolls on the same date.
The practical difference is position sizing rather than behaviour. MHG lets a 10-contract position carry the same exposure as one HG, which makes partial exits possible on a small account; HG carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MHG.
Related pages
- HG — Copper
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Continuous contract
- Back month contract
- MHG — Micro Copper
- HGH9
- HGU8
- HG 2028
- MHGZ8
In the same section
This page in other languages
Frequently asked questions
- When does HGZ8 stop being tradable in practice?
- The roll anchor of HGZ8 is November 28, 2028. The first notice day is the last business day of the month preceding the delivery month; the official last trading day is the third-to-last business day of the delivery month itself. This date is not the last trading day. A metal contract keeps quoting into its delivery month, but past the first notice day it is deliverable, liquidity collapses, and most brokers and prop firms liquidate what is left. Senzoukria therefore anchors its roll two business days before the first notice day and never offers a contract already in its delivery period.
- When should I roll out of HGZ8?
- The app switches its default to the next listed month on November 24, 2028. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the roll anchor.
- How much is one tick of HGZ8 worth?
- One tick of 0.0005 is $12.50 per contract, and a full point is $25,000.00, on a multiplier of 25000.
- Does HGZ8 really stop trading on November 28, 2028?
- No. HGZ8 keeps quoting until December 27, 2028, the third-to-last business day of its delivery month. November 28, 2028 is the roll anchor Senzoukria uses, two business days before the first notice day, because past that point the contract is deliverable and the liquidity is gone.