In the first quarter, LME trading volume increased sharply, the total nickel position increased by 47% year-on-year
Apr 14, 2024 15:29
In the first quarter of 2024, LME trading volume increased significantly, with the average daily total volume of futures contracts increasing by 31% compared to the same period last year, and the total open interest (MOI) increasing by 21% compared to the same period last year. Among them, lead saw the most significant growth in trading volume, with an average daily volume of 83,000 contracts in March 2024, up 48% from the same period last year. The average daily volume of nickel contracts increased by 75%, and the total open interest (MOI) increased by 47% compared to the same period in 2023. Among them, options trading also hit a five-year high.