Monthly Metals Review JULY 216
Monthly Metals Review METALS TRADING HIGHLIGHTS July 216 Highlights: Average daily volume for July 216 COMEX metal (Gold, Silver and Copper) futures was 438,37 contracts, compared with 316,66 contracts during July 215, an increase of 38.7 percent. Average daily volume for July 216 COMEX metal (Gold, Silver and Copper) options was 36,298 contracts, compared with 44,62 contracts during July 215, a decrease of 17.62 percent. Average daily volume for July 216 Gold futures was 389,924 contracts, compared with 27,36 contracts during July 215, an increase of 4.4 percent. Average daily volume for July 216 Gold options was 29,277 contracts, compared with 38,451 contracts during July 215, a decrease of 23.86 percent. Average daily volume for July 216 Silver futures was 72,937 contracts, compared with 44,927 contracts during July 215, an increase of 62.35 percent. Average daily volume for July 216 Silver options was 6,731 contracts, compared with 5,516 contracts during July 215, an increase of 22.3 percent. Average daily volume for July 216 Copper futures was 75,58 contracts, compared with 64,13 contracts during July 215, an increase of 17.79 percent. Average daily volume for July 216 Platinum futures was 13,984 contracts, compared with 11,99 contracts during July 215, an increase of 17.42 percent. Average daily volume for July 216 Palladium futures was 5,211 contracts, compared with 4,667 contracts during July 215, an increase of 11.66 percent. 1
www.cmegroup.com/metals Scorecard - Average Daily Volume and Open Interest Statistics July 216 Average Daily Volume Open Interest U.S. and Metric Spot Price & Conversion Electronic /Pit Ticker Symbols $ Notional ($ Millions) $ Notional ($ Millions) US$ Spot Month Close Except Copper=Ave Month Close 29-July-'16 US$/Gram Except Copper=US$/MT Steel=US$/MT 29-July-'16 2-Day Historical Volatility Gold Futures GC 289,924 $39,148 568,798 $76,85 1,35.3 $43.41 12.38% CME ClearPort 8,176 Options OG 29,277 1,45,92 CME ClearPort 7,19 E-micro Gold Futures MGC 4,87 $66 2,121 $29 1,35.3 $43.41 12.38% Silver Futures SI 72,937 $7,42 223,343 $22,722 2.347 $.65 18.6% CME ClearPort 654 Options SO 6,731 131,922 CME ClearPort 398 Copper Futures HG 75,58 $4,167 184,96 $1,159 22.733 $4,866.32 19.77% CME ClearPort 265 Options HX 29 5,711 Platinum Futures PL 13,984 $83 78,76 $4,525 1,149.1 $36.94 17.4% CME ClearPort 28 Options PO 133 4,327 Palladium Futures PA 5,211 $37 28,25 $1,989 79.75 $22.82 15.9% CME ClearPort 157 Options PAO 27 6,946 HRC Steel Futures HR 171 $1.99 18,28 $29 581. $64.57 3.1% CME ClearPort 17 Aluminum MW U.S. Transaction Premium Platts Futures AUP 31 31,613 Iron Ore 62% Fe, CFR China (TSI) Futures TIO 628 22,154 Iron Ore 62% Fe, CFR China (TSI) Average Price Options ICT 32 33,886 Note: CME ClearPort volumes are already included in futures or options volumes. 2
Monthly Metals Review Cutures - Average 5aily Volume Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures 5, 45, 4, 35, 3, 25, 2, 15, 1, 5, COaEX aetal Cutures - Average 5aily Volume and Year-To-5ate Average 5aily Volume Copper Futures Silver Futures Gold Futures Gold Futures YTD ADV Silver Futures YTD ADV Copper Futures YTD ADV 5, 25, 45, 4, 2, ADV - 35, 3, 25, 2, 15, 15, 1, YTD ADV - 1, 5, 5, 3
www.cmegroup.com/metals NYaEX aetal Cutures - Average 5aily Volume and Year-To-5ate Average 5aily Volume Palladium Futures Platinum Futures YTD ADV Platinum Futures Palladium Futures YTD ADV 3, 16, 25, 14, 12, ADV - 2, 15, 1, 1, 8, 6, YTD ADV - 4, 5, 2, Options - Average 5aily Volume Platinum Options Palladium Options Copper Options Silver Options Gold Options 9, 8, 7, 6, 5, 4, 3, 2, 1, 4
Monthly Metals Review Dold Silver Options - Average 5aily Volume and Year-To-5ate Average 5aily Volume 9, Silver Options Gold Options YTD ADV Gold Options Silver Options YTD ADV 5, 8, 45, 7, 4, ADV - 6, 5, 4, 3, 35, 3, 25, 2, 15, YTD ADV - 2, 1, 1, 5, Cutures Open Interest - aonth-end Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures 1,2, 1,, 8, 6, 4, 2, 5
www.cmegroup.com/metals Options Open Interest - aonth-end Platinum Options Palladium Options Copper Options Silver Options Gold Options 2,5, 2,, 1,5, 1,, 5, Dold Futures - Average 5aily Volume (A5V) and Open Interest (OI) ADV Total ADV Open Interest OI 35, 7, 3, 6, 25, 5, 2, 4, 15, 3, 1, 2, 5, 1, 6
Monthly Metals Review Silver Futures - Average Daily Volume (ADV) and Open Interest (OI) ADV Total ADV Open Interest OI 16, 25, 14, 2, 12, 1, 15, 8, 6, 1, 4, 5, 2, Copper Futures - Average Daily Volume (ADV) and Open Interest (OI) ADV Total ADV Open Interest OI 12, 25, 1, 2, 8, 15, 6, 1, 4, 2, 5, 7
www.cmegroup.com/metals ADV 25, Platinum Futures - Average 5aily Volume (A5V) and Open Interest (OI) ToPal ADV Open InPeresP OI 9, 2, 8, 7, 15, 6, 5, 1, 4, 3, 5, 2, 1, Palladium Futures - Average Daily Volume (ADV) and Open Interest (OI) ADV 12, Total ADV Open Interest OI 5, 45, 1, 4, 8, 35, 3, 6, 25, 2, 4, 15, 2, 1, 5, 8
Monthly Metals Review Gold Options - 9lectronic Average 5aily Volume Total AGV Electronic AGV % Electronic AGV 8, 9% 7, 6, 5, 4, 3, 2, 1, 8% 7% 6% 5% 4% 3% 2% 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
www.cmegroup.com/metals 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
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
www.cmegroup.com/metals Palladium Futures - Spot Month - 2-Day Historical Volatility Palladium Futures 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % 7, 6, 5, Average Hourly Total Volume - All Hours - July 216 Copper Futures Silver Options Silver Futures Gold Options Gold Futures 4, 3, 2, 1, New York Time 12
Monthly Metals Review 25, Average Hourly Total Volume - Extended Trading Hours - July 216 Copper Futures Silver Options Silver Futures Gold Options Gold Futures 2, 15, 1, 5, New York Time Average Hourly Total Volume - All Hours - July 216 3,5 3, Palladium Futures Platinum Futures 2,5 2, 1,5 1, 5 New York Time 13
www.cmegroup.com/metals Average Hourly Total Volume - Extended Trading Hours - July 216 8 7 Palladium Futures Platinum Futures 6 5 4 3 2 1 New York Time 4, CFTC COT Report - Gold Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 6% Open Interest - 35, 3, 25, 2, 15, 1, 5, 5% 4% 3% 2% 1% % Source: CFTC 14
Monthly Metals Review 14, CFTC COT Report - Silver Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 6% 12, 5% Open Interest - 1, 8, 6, 4, 2, 4% 3% 2% 1% % Source: CFTC 14, CFTC COT Report - Copper Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 6% 12, 5% Open Interest - 1, 8, 6, 4, 4% 3% 2% 2, 1% % Source: CFTC 15
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