Monthly Metals Review

Transcription

1 METALS May 214 Monthly Metals Review A Global Trading Summary of Metals Markets Highlights Futures Options How the world advances

2 Monthly Metals Review METALS TRADING HIGHLIGHTS May 214 Highlights: Average daily volume for May 214 COMEX metal (Gold, Silver and Copper) futures was 259,353 contracts, compared with 369,588 contracts during May 213, a decrease of percent. Average daily volume for May 214 COMEX metal (Gold, Silver and Copper) options was 38,967 contracts, compared with 51,32 contracts during May 213, a decrease of percent. Average daily volume for May 214 Gold futures was 172,911 contracts, compared with 241,468 contracts during May 213, a decrease of percent. Average daily volume for May 214 Gold options was 32,976 contracts, compared with 42,323 contracts during May 213, a decrease of 22.8 percent. Average daily volume for May 214 Silver futures was 42,53 contracts, compared with 53,274 contracts during May 213, a decrease of 21.6 percent. Average daily volume for May 214 Silver options was 5,954 contracts, compared with 8,447 contracts during May 213, a decrease of percent. Average daily volume for May 214 Copper futures was 44,429 contracts, compared with 74,947 contracts during May 213, a decrease of 4.64 percent. Average daily volume for May 214 Platinum futures was 11,4 contracts, compared with 11,66 contracts during May 213, an increase of 3.2 percent. Average daily volume for May 214 Palladium futures was 9,328 contracts, compared with 8,228 contracts during May 213, an increase of percent. 1

3 Scorecard - Average Daily Volume and Open Interest Statistics May 214 Average Daily Volume Open Interest U.S. and Metric Spot Price & Conversion Electronic /Pit Ticker Symbols Contracts $ Notional ($ Millions) Contracts $ Notional ($ Millions) US$ Spot Month Close Except Copper=Ave Month Close 3-May-'14 US$/Gram Except Copper=US$/MT Steel=US$/MT 3-May-'14 2-Day Historical Volatility Gold Futures GC 172,911 $21,541 38,825 $47,443 1,245.8 $ % CME ClearPort 2,3 Options OG 32,976 1,51,22 CME ClearPort 5,811 E-micro Gold Futures MGC 1,58 $13 1,53 $19 1,245.8 $ % Silver Futures SI 42,53 $3,928 16,695 $15, $ % CME ClearPort 54 Options SO 5, ,57 CME ClearPort 1,164 Copper Futures HG 44,429 $3, ,132 $11, $6, % CME ClearPort 136 Options HX 37 1,591 Platinum Futures PL 11,4 $828 71,637 $5,23 1,452.7 $ % CME ClearPort 431 Options PO 1,496 36,348 Palladium Futures PA 9,328 $78 41,47 $3, $ % CME ClearPort 512 Options PAO ,93 HRC Steel Futures HR 21 $2.57 1,843 $ $ % CME ClearPort 187 Note: CME ClearPort volumes are already included in futures or options volumes. 2

4 ADV - Contracts YTD ADV - Contracts Contracts Monthly Metals Review Futures - Average Daily Volume Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, COMEX Metal Futures - Average Daily Volume and Year-To-Date Average Daily Volume Copper Futures Silver Futures Gold Futures Gold Futures YTD ADV Silver Futures YTD ADV Copper Futures YTD ADV 5, 25, 45, 4, 2, 35, 3, 15, 25, 2, 1, 15, 1, 5, 5, 3

5 Contracts ADV - Contracts YTD ADV - Contracts NYMEX Metal Futures - Average Daily Volume and Year-To-Date Average Daily Volume Palladium Futures Platinum Futures YTD ADV Platinum Futures Palladium Futures YTD ADV 3, 14, 25, 12, 2, 15, 1, 1, 8, 6, 4, 5, 2, Options - Average Daily Volume Platinum Options Palladium Options Copper Options Silver Options Gold Options 9, 8, 7, 6, 5, 4, 3, 2, 1, 4

6 Contracts ADV - Contracts YTD ADV - Contracts Monthly Metals Review Gold Silver Options - Average Daily Volume and Year-To-Date Average Daily Volume 9, Silver Options Gold Options YTD ADV Gold Options Silver Options YTD ADV 5, 8, 45, 7, 4, 6, 35, 5, 4, 3, 25, 2, 3, 15, 2, 1, 1, 5, Futures Open Interest - Month-End Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures 1,2, 1,, 8, 6, 4, 2, 5

7 Contracts Contracts Options Open Interest - Month-End Platinum Options Palladium Options Copper Options Silver Options Gold Options 2,5, 2,, 1,5, 1,, 5, Gold Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 3, 1% 25, 9% 8% 2, 15, 7% 6% 5% 1, 4% 3% 5, 2% 1% % 6

8 Contracts Contracts Monthly Metals Review Silver Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 16, 14, 12, 1, 8, 6, 4, 2, 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Copper Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 12, 1% 1, 9% 8% 8, 6, 7% 6% 5% 4, 4% 3% 2, 2% 1% % 7

9 Contracts Contracts Platinum Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 25, 1% 9% 2, 8% 7% 15, 6% 5% 1, 4% 3% 5, 2% 1% % Palladium Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 12, 1% 1, 9% 8% 8, 6, 7% 6% 5% 4, 4% 3% 2, 2% 1% % 8

10 Contracts Contracts Monthly Metals Review Gold Options - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 8, 7% 7, 6% 6, 5, 4, 3, 2, 5% 4% 3% 2% 1, 1% % Silver Options - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 16, 14, 12, 1, 8, 6, 4, 2, 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % 9

11 Gold Futures - Spot Month - 2-Day Historical Volatility 6% Gold Futures 5% 4% 3% 2% 1% % Silver Futures - Spot Month - 2-Day Historical Volatility 1% Silver Futures 9% 8% 7% 6% 5% 4% 3% 2% 1% % 1

12 Monthly Metals Review Copper Futures - Spot Month - 2-Day Historical Volatility 12% Copper Futures 1% 8% 6% 4% 2% % Platinum Futures - Spot Month - 2-Day Historical Volatility Platinum Futures 14% 12% 1% 8% 6% 4% 2% % 11

13 Contracts Palladium Futures - Spot Month - 2-Day Historical Volatility Palladium Futures 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Average Hourly Total Volume - All Hours - May 214 4, 35, 3, 25, Copper Futures Silver Options Silver Futures Gold Options Gold Futures 2, 15, 1, 5, New York Time 12

14 Contracts Contracts Monthly Metals Review Average Hourly Total Volume - Extended Trading Hours - May , Copper Futures Silver Options Silver Futures Gold Options Gold Futures 12, 1, 8, 6, 4, 2, New York Time Average Hourly Total Volume - All Hours - May 214 3,5 3, Palladium Futures Platinum Futures 2,5 2, 1,5 1, 5 New York Time 13

15 Open Interest - Contracts Contracts Average Hourly Total Volume - Extended Trading Hours - May 214 1,2 1, Palladium Futures Platinum Futures New York Time 35, CFTC COT Report - Gold Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 5% 3, 25, 2, 15, 1, 5, 45% 4% 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 14

16 Open Interest - Contracts Open Interest - Contracts Monthly Metals Review 8, CFTC COT Report - Silver Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% 7, 35% 6, 3% 5, 25% 4, 2% 3, 15% 2, 1% 1, 5% % Source: CFTC 12, CFTC COT Report - Copper Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 6% 1, 5% 8, 4% 6, 3% 4, 2% 2, 1% % Source: CFTC 15