Worked exampleCopperCandy / BarleyScrap

Copper Candy/Barley

ISRI Candy (#1 copper heavy) / Barley (mixed bare and tinned)

Candy/Barley sits just below Birch on the value ladder. Heavy industrial copper with minor contamination (solder, paint, tin coating). Metal-content hedging at 96% sizes the exposure honestly so processor margins are protected on the hedge side.

This page shows how the NovaEx wizard models one common configuration. Your contract may look different. Override any field per shipment, or clone the example to build your own.

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Conversion recipe

Gross × MC%
Hedge methodMetal content %
FormulaHedgeable MT = Qty × UOM factor × Metal content %
Commercial UOMMT
Metal content94–97% (typical 96%)
Rounding ruledown

Sources

ISRI Scrap Specifications Circular · Copper Development Association

Industry-standard ranges shown. Actual contract terms vary per shipment; override at position entry.

Worked example

Typical shipment

Commercial qty

30 MT

As invoiced

Contained metal

28.80 MT

Copper inside the goods

Hedgeable metal

28.80 MT

Flows to hedge desk → LME Copper

30 MT × 96% metal content = 28.80 MT contained Metal content defines exposure → 28.80 MT Copper hedgeable

30 MT of Candy/Barley × 96% Cu = 28.8 MT Cu hedgeable → hedge on LME Copper.

Typical specifications

What you're actually trading

Reference specifications for contracts, counterparty conversations, and supply-chain planning. Not a substitute for the shipment's lab certificate or commercial contract.

ISRI spec
Candy / Barley
Description
Candy = #1 heavy copper solids (pipe, bar, plate). Barley = mixed bare and tinned copper.
Cu content
94–97% (typical 96%)
Discount to Birch
2–4¢/lb typical

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Questions about this product

Copper Candy/Barley: FAQs

Frequently Asked Questions