Monthly Metals Review

Transcription

1 METALS June 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 June 214 Highlights: Average daily volume for June 214 COMEX metal (Gold, Silver and Copper) futures was 257,213 contracts, compared with 353,48 contracts during June 213, a decrease of percent. Average daily volume for June 214 COMEX metal (Gold, Silver and Copper) options was 41,261 contracts, compared with 53,937 contracts during June 213, a decrease of 23.5 percent. Average daily volume for June 214 Gold futures was 119,432 contracts, compared with 187,237 contracts during June 213, a decrease of percent. Average daily volume for June 214 Gold options was 32,641 contracts, compared with 44,977 contracts during June 213, a decrease of percent. Average daily volume for June 214 Silver futures was 69,48 contracts, compared with 77,768 contracts during June 213, a decrease of 1.66 percent. Average daily volume for June 214 Silver options was 8,526 contracts, compared with 8,822 contracts during June 213, a decrease of 3.36 percent. Average daily volume for June 214 Copper futures was 68,3 contracts, compared with 88,43 contracts during June 213, a decrease of percent. Average daily volume for June 214 Platinum futures was 18,89 contracts, compared with 19,422 contracts during June 213, a decrease of 6.86 percent. Average daily volume for June 214 Palladium futures was 4,839 contracts, compared with 4,675 contracts during June 213, an increase of 3.51 percent. 1

3 Scorecard - Average Daily Volume and Open Interest Statistics June 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-June-'14 US$/Gram Except Copper=US$/MT Steel=US$/MT 3-June-'14 2-Day Historical Volatility Gold Futures GC 119,432 $15,789 41,9 $53,24 1,322. $ % CME ClearPort 2,571 Options OG 32,641 1,588,27 CME ClearPort 5,651 E-micro Gold Futures MGC 727 $1 1,951 $26 1,322. $ % Silver Futures SI 69,48 $7,36 155,893 $16, $ % CME ClearPort 1,41 Options SO 8, ,161 CME ClearPort 1,784 Copper Futures HG 68,3 $5,29 144,64 $11, $6, % CME ClearPort 277 Options HX 95 1,46 Platinum Futures PL 18,89 $1,34 66,943 $4,96 1,482. $ % CME ClearPort 574 Options PO 65 22,87 Palladium Futures PA 4,839 $48 4,153 $3, $ % CME ClearPort 263 Options PAO 62 13,41 HRC Steel Futures HR 52 $.66 1,324 $ $ % CME ClearPort 47 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, 1, 8, 15, 6, 1, 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, 25, 2, 1% 9% 8% 7% 6% 15, 1, 5, 5% 4% 3% 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, 1% 9% 8% 7% 6% 8, 6, 4, 2, 5% 4% 3% 2% 1% % Copper Futures - Electronic Average Daily Volume Total ADV Electronic ADV % Electronic ADV 12, 1, 8, 1% 9% 8% 7% 6% 6, 4, 2, 5% 4% 3% 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, 8, 1% 9% 8% 7% 6% 6, 4, 2, 5% 4% 3% 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, 1% 9% 8% 7% 6% 8, 6, 4, 2, 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 - June 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 - June , Copper Futures Silver Options Silver Futures Gold Options Gold Futures 14, 12, 1, 8, 6, 4, 2, New York Time Average Hourly Total Volume - All Hours - June 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 - June 214 1,4 1,2 Palladium Futures Platinum Futures 1, New York Time 35, 3, CFTC COT Report - Gold Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 5% 45% 4% 25, 2, 15, 1, 5, 35% 3% 25% 2% 15% 1% 5% % Source: CFTC 14

16 Open Interest - Contracts Open Interest - Contracts Monthly Metals Review 9, 8, 7, CFTC COT Report - Silver Futures Open Positions - Long Swap Dealers Long Managed Money Long % Swap Dealers Long % Managed Money Long 4% 35% 3% 6, 5, 4, 3, 2, 1, 25% 2% 15% 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

17 CME GROUP HEADQUARTERS CME GROUP REGIONAL OFFICES 2 South Wacker Drive Chicago, Illinois 666 cmegroup.com [email protected] New York Calgary London Hong Kong Singapore Houston São Paulo Seoul Tokyo Washington D.C Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. All references to options refer to options on futures. CME Group is a trademark of CME Group, Inc. The Globe Logo, CME, Chicago Mercantile Exchange, and Globex are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. New York Mercantile Exchange and NYMEX are registered trademarks of the New York Mercantile Exchange, Inc. All other trademarks are the properties of their respective owners. The information within this brochure has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT, and NYMEX rules. Current rules should be consulted in all cases concerning contract specifications. Copyright 214 CME Group. All rights reserved. PM712//514