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CME Group Increasing Margins For Comex Copper

Monday May 6, 2012 7:10 AM

(Kitco News) - Copper margins will rise on the Comex division of the New York Mercantile Exchange as of the close of business on Tuesday, exchange operator CME Group said.

CME Group said the change was part of “the normal review of market volatility to ensure adequate collateral coverage.” The announcement came in a notice that also included margin changes for electricity, ethanol, natural gas, coal and crude oil.

The “initial” margin for new speculative positions in copper will rise to $4,070 for the regular Comex contract from $3,410 currently. The “maintenance” margin for existing speculative positions, plus all hedge positions, will rise to $3,700 from $3,100.

Margins are also rising for the E-mini copper futures, copper swap futures and copper intra spreads.

The complete notice from CME Group can be seen at the following link:


By Allen Sykora of Kitco News asykora@kitco.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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