METALS January 216 Monthly Metals Review A Global Trading Summary of Metals Markets Highlights Futures Options How the world advances
Monthly Metals Review METALS TRADING HIGHLIGHTS January 216 Highlights: Average daily volume for January 216 COMEX metal (Gold, Silver and Copper) futures was 336,128 contracts, compared with 343,185 contracts during January 215, a decrease of 2.6 percent. Average daily volume for January 216 COMEX metal (Gold, Silver and Copper) options was 41,934 contracts, compared with 45,151 contracts during January 215, a decrease of 7.12 percent. Average daily volume for January 216 Gold futures was 215,894 contracts, compared with 225,397 contracts during January 215, a decrease of 4.22 percent. Average daily volume for January 216 Gold options was 37,999 contracts, compared with 36,713 contracts during January 215, an increase of 3.5 percent. Average daily volume for January 216 Silver futures was 5,55 contracts, compared with 48,975 contracts during January 215, an increase of 3.22 percent. Average daily volume for January 216 Silver options was 3,847 contracts, compared with 8,339 contracts during January 215, a decrease of 53.87 percent. Average daily volume for January 216 Copper futures was 69,683 contracts, compared with 38,813 contracts during January 215, an increase of 79.54 percent. Average daily volume for January 216 Platinum futures was 14,958 contracts, compared with 12,151 contracts during January 215, an increase of 23.1 percent. Average daily volume for January 216 Palladium futures was 4,744 contracts, compared with 4,989 contracts during January 215, a decrease of 4.91 percent. 1
www.cmegroup.com/metals Scorecard - Average Daily Volume and Open Interest Statistics January 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-Jan-'16 US$/Gram Except Copper=US$/MT Steel=US$/MT 29-Jan-'16 2-Day Historical Volatility Gold Futures GC 215,894 $24,15 373,434 $41,694 1,116.5 $35.9 15.13% CME ClearPort 6,74 Options OG 37,999 99,817 CME ClearPort 7,242 E-micro Gold Futures MGC 2,85 $32 1,245 $14 1,116.5 $35.9 15.13% Silver Futures SI 5,55 $3,6 158,439 $11,283 14.243 $.46 26.27% CME ClearPort 515 Options SO 3,847 1,572 CME ClearPort 17 Copper Futures HG 69,683 $3,51 2,562 $1,75 2.945 $4,43.7 24.56% CME ClearPort 81 Options HX 88 2,593 Platinum Futures PL 14,958 $653 65,949 $2,881 873.6 $28.9 26.49% CME ClearPort 363 Options PO 318 3,93 Palladium Futures PA 4,744 $236 25,538 $1,273 498.5 $16.3 38.6% CME ClearPort 142 Options PAO 18 4,52 HRC Steel Futures HR 161 $1.3 21,719 $176 45. $446.53 12.26% CME ClearPort 145 Aluminum MW U.S. Transaction Premium Platts Futures AUP 383 25,812 Iron Ore 62% Fe, CFR China (TSI) Futures TIO 1,55 24,199 Iron Ore 62% Fe, CFR China (TSI) Average Price Options ICT 439 36,681 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, 4 4, 3 3, 2 1 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, 2 4 4, ADV - 3 3, 2 1 1 YTD ADV - 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, 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 8, 45, 7, 4, ADV - 6, 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, 1,, 8, 6, 4, 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 3, Total ADV Open Interest OI 7, 2 6, 5, 4, 1 3, 6
Monthly Metals Review Silver Futures - Average Daily Volume (ADV) and Open Interest (OI) ADV Total ADV Open Interest OI 16, 2 14, 12, 1 8, 6, 4, 2, Copper Futures - Average Daily Volume (ADV) and Open Interest (OI) ADV Total ADV Open Interest OI 12, 2 8, 1 6, 4, 2, 7
www.cmegroup.com/metals Platinum Futures - Average 5aily Volume (A5V) and Open Interest (OI) ADV ToPal ADV Open InPeresP OI 25, 9, 8, 2, 7, 6, 15, 4, 1, 3, 5, 2, 1, Palladium Futures - Average Daily Volume (ADV) and Open Interest (OI) ADV Total ADV Open Interest OI 12, 45, 1, 4, 8, 35, 3, 6, 25, 2, 4, 15, 2, 1, 5, 8
Monthly Metals Review Gold Options - Electronic Average 5aily Volume Total AGV Electronic AGV % Electronic AGV 8, 8% 7, 7% 6, 6% 4, 3, 5% 4% 3% 2, 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
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% % Average Hourly Total Volume - All Hours - January 216 45, 4, 35, 3, 25, 2, 15, Copper Futures Silver Options Silver Futures Gold Options Gold Futures 1, 5, New York Time 12
Monthly Metals Review Average Hourly Total Volume - Extended Trading Hours - January 216 2, Copper Futures Silver Options Silver Futures Gold Options Gold Futures 18, 16, 14, 12, 1, 8, 6, 4, 2, New York Time Average Hourly Total Volume - All Hours - January 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 - January 216 1,2 1, Palladium Futures Platinum Futures 8 6 4 2 New York Time 3 CFTC COT Report - Gold Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 5% Open Interest - 3, 2 1 45% 4% 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 14
Monthly Metals Review CFTC COT Report - Silver Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% Open Interest - 9, 8, 7, 6, 4, 3, 2, 1, 35% 3% 25% 2% 15% 1% 5% % 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 - 8, 6, 4, 4% 3% 2% 2, 1% % Source: CFTC 15
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