Clearing Statistics: Daily Averages for September 2016

Transcription

1 The London Bullion Market Association PRESS NOTICE 31 October 216 For immediate release Clearing Statistics: Daily Averages for September 216 The gold price fell by 1.1% in September to an average of $1,326 an ounce. Activity was subdued with the average volume of ounces transferred down 9.3% to 17 million, whilst the corresponding value of gold transferred decreased by 1.3% to $22.6 billion. The number of transfers increased by 1.% to 2,777, whilst the number of ounces per transfer fell by 1.6% to 6,134. The average price of silver in September fell for the second successive month, to $19.28 an ounce; 1.8% lower than the average for August, but still nearly 38% higher than the opening day of 216. Activity was broadly flat with the volume of ounces transferred at million and the corresponding value transferred 2.2% lower to $3.46 billion. The number of transfers fell by 8.7% to 691, with the clearers settling on average 29,642 ounces per transfer, 9.2% higher than the previous month. The average gold / silver price ratio in September nudged up marginally to Notes ALL CLEARING STATISTICS ARE DAILY AVERAGES FOR THE MONTH. These figures represent the transfers between the five members of the LPMCL (HSBC, ICBC Standard Bank, JP Morgan, Scotiabank and UBS). The figures are calculated on the following basis: Loco London book transfers from one party in a LPMCL clearing member s books to another party in the same member s books or in the books of another LPMCL clearing member Physical transfers and shipments by LPMCL clearing members Transfers over LPMCL clearing members accounts at the Bank of England. Excluded from the statistics are: Allocations for LPMCL clearing members where the sole purpose is to reduce overnight credit exposures Physical movements arranged by LPMCL clearing members in locations other than London and silver prices referred to in the text are the monthly average p.m. LBMA Price and the average monthly LBMA Price, both of which are expressed in US $ dollars. For further information please contact Aelred Connelly, PR Officer, on aelred.connelly@lbma.org.uk Tel: +44 () About the London Bullion Market Association The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members and the wider market, including the setting of good delivery and refining standards, the organisation of conferences and other events, and serving as a point of contact for the regulatory authorities. For more information, please visit Royal Exchange Buildings, Royal Exchange, London EC3V 3LF Tel: +44 () Fax: +44 ()

2 London Bullion Market Clearing Statistics GOLD SILVER OUNCES TRANSFERRED (MILLIONS) January February March April May June July August September October November December VALUE OF OUNCES TRANSFERRED (a) (US$ BILLIONS) January February March April May June July August September October November December NUMBER OF TRANSFERS January 2,461 2,686 3,77 3,46 2, February 2,631 3,32 4,3 2,96 3, March 2,947 3,38 4,738 3,61 3, April 2,223,39 4,728 2,71 2, , May 2,687,88 4,744 2,646 3, , June 3,162 4,624 4,49 2,324 3, July 2,764,613 4,184 2,62 2, August 2,469,172,198 2,798 2, , September 2,911,34 4,47 2,32 2, October 2,43 4,81 3,148 2, November 2,7 3,721 3,494 2, December 2,82 4,741 3,1 2, (a) Based on the monthly average pm $ LBMA Price and the monthly average $ LBMA Price.

3 Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Sep-1 Millions of Ounces Transferred Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Sep-1 Value - US$ billions

4 , 1,2 1,4 1, 2, 3, 4,, 6, Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Sep-1 Number of Transfers, 1, 1, 2, 2, 3, 3, 4, 4,,, 1, 1, 2, 2, Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Sep-1 Ounces Per Transfer

5 Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Sep-1 Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Sep-1 and Prices, $ per ounce (Monthly Averages) 2, 1,8 4 1,6 4 1,4 3 1,2 3 1, Ratio of / Price