CME Group metals volume shoot up during May-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Futures movement
  • NPI
  • Copper
  • Aluminium
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations
  • nickel laterite

CME Group metals volume shoot up during May

Industry News 09:36:24AM Jun 05, 2017 Source:Scrap Register

UNITED STATES June 04 2017 10:15 AM

NEW YORK (Scrap Register): Exchange operator CME Group reports that metals volume in May rose 13% year-on-year to 540,000 contracts, compared to 479,000 in May 2016. 
Sequentially, however, volume last month was down 1.5% from an average of 548,000 lots in April. Average daily volume in gold futures and options increased 3% year-on-year to 334,000 contracts, while this jumped 52% in silver to 94,000 contracts. 
On a rolling three-month average basis, CME Group reports that average daily metals volume was 525,000 contracts for the period ending with May. 
This was up from 519,000 for the three-month period ending with April, 512,000 for the period ending with March and 466,000 for the period ending with February.

CME Group metals volume shoot up during May

Industry News 09:36:24AM Jun 05, 2017 Source:Scrap Register

UNITED STATES June 04 2017 10:15 AM

NEW YORK (Scrap Register): Exchange operator CME Group reports that metals volume in May rose 13% year-on-year to 540,000 contracts, compared to 479,000 in May 2016. 
Sequentially, however, volume last month was down 1.5% from an average of 548,000 lots in April. Average daily volume in gold futures and options increased 3% year-on-year to 334,000 contracts, while this jumped 52% in silver to 94,000 contracts. 
On a rolling three-month average basis, CME Group reports that average daily metals volume was 525,000 contracts for the period ending with May. 
This was up from 519,000 for the three-month period ending with April, 512,000 for the period ending with March and 466,000 for the period ending with February.