On this page
Contract specifications
- Contract symbol
- MHGH7
- Product
- Micro Copper (MHG)
- Exchange
- COMEX
- Delivery month
- March 2027 (code H)
- Roll anchor
- February 24, 2027
- Official last trading day
- March 29, 2027
- Default rolls on
- February 20, 2027 (4 days before)
- Tick size
- 0.0005
- Tick value
- $1.25
- Point value
- $2,500.00
- Next delivery
- MHGK7 (April 28, 2027)
The date that matters on MHGH7
The first notice day of MHGH7 is February 26, 2027, the last business day of the month preceding delivery. Senzoukria anchors its roll two business days earlier, on February 24, 2027.
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.
MHGH7 itself keeps quoting until its official last trading day, March 29, 2027, 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 MHGH7 as the default contract on February 20, 2027, 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.
For MHGH7 the next listed delivery is MHGK7, whose roll anchor is April 28, 2027. That is the contract the volume moves into.
What one tick is worth on MHGH7
The minimum price fluctuation is 0.0005, which is $1.25 per contract on a multiplier of 2500. A full point is therefore $2,500.00. 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 MHG 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 MHGH7 position and the rows of its footprint come from the same numbers.
Every MHG delivery listed in 2027
MHG lists 5 delivery months a year (H, K, N, U, Z). MHGH7 is number 1 of 5 in 2027.
| Contract | Delivery | Roll anchor | Default rolls on |
|---|---|---|---|
| MHGH7 (this page) | Mar 2027 | Feb 24, 2027 | Feb 20, 2027 |
| MHGK7 | May 2027 | Apr 28, 2027 | Apr 24, 2027 |
| MHGN7 | Jul 2027 | Jun 28, 2027 | Jun 24, 2027 |
| MHGU7 | Sep 2027 | Aug 27, 2027 | Aug 23, 2027 |
| MHGZ7 | Dec 2027 | Nov 26, 2027 | Nov 22, 2027 |
MHGH7 and HGH7 side by side
MHG and HG 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. MHGH7 and HGH7 share the same roll anchor, February 24, 2027, 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
- MHG — Micro Copper
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Continuous contract
- Back month contract
- HG — Copper
- Micro contracts
- MHGK7
- MHGZ6
- MHG 2027
- HGH7
In the same section
This page in other languages
Frequently asked questions
- When does MHGH7 stop being tradable in practice?
- The roll anchor of MHGH7 is February 24, 2027. 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 MHGH7?
- The app switches its default to the next listed month on February 20, 2027, which is MHGK7. 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 MHGH7 worth?
- One tick of 0.0005 is $1.25 per contract, and a full point is $2,500.00, on a multiplier of 2500.
- Does MHGH7 really stop trading on February 24, 2027?
- No. MHGH7 keeps quoting until March 29, 2027, the third-to-last business day of its delivery month. February 24, 2027 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.