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April 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets Highlights Futures Options

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Page 1: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

April 2011

MONTHLY METALS UPDATE – Chart Book

A Global Trading Summary of Metals Markets

• Highlights • Futures • Options

Page 2: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

1

METALS TRADING HIGHLIGHTS

April 2011

Records: • 4/18 – Platinum options open interest: 9,849

• 4/25 – Silver Options open interest: 240,344

• 4/25 – Silver volume: 319,204, 58% increase over last record of 11/9/2010

• 4/25 – Silver spot price settled at 31-year high of $47.15/oz

Highlights: • Average daily volume for April 2011 COMEX metal (Gold, Silver and Copper) futures was 361,963

contracts, compared with 226,191 contracts during April 2010, an increase of 60.03 percent.

• Average daily volume for April 2011 COMEX metal (Gold, Silver and Copper) options was 49,606 contracts, compared with 26,774 contracts during April 2010, an increase of 85.28 percent.

• Average daily volume for April 2011 Gold futures was 157,261 contracts, compared with 133,288 contracts during April 2010, an increase of 17.99 percent.

• Average daily volume for April 2011 Gold options was 35,040 contracts, compared with 23,096 contracts during April 2010, an increase of 51.71 percent.

• Average daily volume for April 2011 Silver futures was 150,731 contracts, compared with 45,219 contracts during April 2010, an increase of 233.34 percent.

• Average daily volume for April 2011 Silver options was 14,550 contracts, compared with 3,550 contracts during April 2010, an increase of 309.86 percent.

• Average daily volume for April 2011 Copper futures was 53,971 contracts, compared with 47,684 contracts during April 2010, an increase of 13.18 percent.

• Average daily volume for April 2011 Platinum futures was 5,276 contracts, compared with 4,153 contracts during April 2010, an increase of 27.04 percent.

• Average daily volume for April 2011 Palladium futures was 4,295 contracts, compared with 2,641 contracts during April 2010, an increase of 62.63 percent.

New Product Launches Three new ferrous products have launched on CME ClearPort: • FSF – HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Swap Futures • NSF – European Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) Swap Futures • SSF – Steel Billet, FOB Black Sea (Platts) Swap Futures  

Flexible Tools for Trading Our half-size COMEX gold and silver futures contracts make trading in these benchmark contracts even more accessible. They are financially settled, easy to trade and less capital intensive.

For more information, please visit www.cmegroup.com/minygold and www.cmegroup.com/minysilver.

Page 3: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

www.cmegroup.com/metals

2

Contracts $ Notional ($ Millions) Contracts

$ Notional ($ Millions)

US$ Spot Month Close

Except Copper=Ave Month Close 29-Apr-'11

US$/Gram Except

Copper=US$/MT Steel=US$/MT

29-Apr-'11

20-Day Historical Volatility

Gold Futures GC 157,261 $24,476 531,882 $82,782 1,556.40 $50.04 10.47%

Options OG 35,040 1,040,970

E-micro Gold Futures MGC 1,111 $17 1,257 $20 1,556.40 $50.04 10.47%

Silver Futures SI 150,731 $36,621 132,200 $32,119 48.59 $1.56 30.74%

Options SO 14,550 191,687

Copper Futures HG 53,971 $5,808 128,402 $13,817 430.44 $9,489.53 24.97%Options HX 16 264

Platinum Futures PL 5,276 $493 38,463 $3,595 1,869.50 $60.11 14.21%

Palladium Futures PA 4,295 $340 21,209 $1,680 792.15 $25.47 29.06%

HRC Steel Futures HR 34 $0.51 8,865 $132 744.00 $820.29 13.48%

Scorecard - Average Daily Volume and Open Interest Statistics

Average Daily Volume Open Interest

Electronic/Pit Ticker Symbols

U.S. and Metric Spot Price & Conversion

April 2011

0

50,000

100,000

150,000

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Futures ‐ Average Daily Volume

Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures

Page 4: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

3

0

20,000

40,000

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YTD

AD

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ontr

acts

AD

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COMEX Metal Futures ‐ Average Daily Volume and Year‐To‐Date Average Daily Volume

Copper Futures Silver FuturesGold Futures Gold Futures YTD ADV

0

1,000

2,000

3,000

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7,000

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YTD

AD

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AD

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NYMEX Metal Futures ‐ Average Daily Volume and Year‐To‐Date Average Daily Volume

Palladium Futures Platinum Futures

Platinum Futures YTD ADV Palladium Futures YTD ADV

Page 5: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

www.cmegroup.com/metals

4

0

10,000

20,000

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Con

trac

tsOptions ‐ Average Daily Volume

Copper Options Silver Options Gold Options

0

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0

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60,000

YTD

AD

V -C

ontr

acts

Con

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Gold Silver Options ‐ Average Daily Volume and Year‐To‐Date Average Daily Volume

Silver Options Gold OptionsGold Options YTD ADV Silver Options YTD ADV

Page 6: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

5

0

200,000

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600,000

800,000

1,000,000

1,200,000

Con

trac

tsFutures Open Interest ‐Month‐End

Palladium Futures Platinum Futures Copper Futures Silver Futures Gold Futures

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Con

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Options Open Interest ‐Month‐End

Copper Options Silver Options Gold Options

Page 7: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

www.cmegroup.com/metals

6

0%

10%

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90%

100%

0

50,000

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Con

trac

tsGold Futures ‐ Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

20,000

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60,000

80,000

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trac

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Silver Futures - Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

Page 8: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

7

0%

10%

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90%

100%

0

10,000

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Con

trac

tsCopper Futures - Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

0%

10%

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30%

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50%

60%

70%

80%

90%

100%

0

2,000

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Con

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Platinum Futures ‐ Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

Page 9: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

www.cmegroup.com/metals

8

0%

10%

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50%

60%

70%

80%

90%

100%

0

1,000

2,000

3,000

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8,000

Con

trac

tsPalladium Futures - Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

0%

10%

20%

30%

40%

50%

60%

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Con

trac

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Gold Options ‐ Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

Page 10: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

9

0%

10%

20%

30%

40%

50%

60%

0

2,000

4,000

6,000

8,000

10,000

12,000

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16,000

Con

trac

tsSilver Options - Electronic Average Daily Volume

Total ADV Electronic ADV % of Electronic Volume

0%

10%

20%

30%

40%

50%

60%

Gold Futures - Spot Month - 20-Day Historical Volatility Gold Futures

Page 11: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

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10

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Silver Futures - Spot Month - 20-Day Historical VolatilitySilver Futures

0%

20%

40%

60%

80%

100%

120%

Copper Futures - Spot Month - 20-Day Historical VolatilityCopper Futures

Page 12: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

11

0%

20%

40%

60%

80%

100%

120%

140%

Platinum Futures - Spot Month - 20-Day Historical VolatilityPlatinum Futures

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Palladium Futures - Spot Month - 20-Day Historical VolatilityPalladium Futures

Page 13: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

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12

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Con

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New York Time

Average Hourly Total Volume - All Hours - April 2011

Copper FuturesSilver OptionsSilver FuturesGold OptionsGold Futures

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Con

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ts

New York Time

Average Hourly Total Volume - Extended Trading Hours - April 2011

Copper FuturesSilver OptionsSilver FuturesGold OptionsGold Futures

Page 14: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

Monthly Metals Update

13

0

200

400

600

800

1,000

1,200

1,400

1,600

Con

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New York Time

Average Hourly Total Volume - All Hours - April 2011

Palladium FuturesPlatinum Futures

0

50

100

150

200

250

300

350

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450

Con

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New York Time

Average Hourly Total Volume - Extended Trading Hours - April 2011

Palladium FuturesPlatinum Futures

Page 15: April 2011 MONTHLY METALS UPDATE - Chicago ... 2011 MONTHLY METALS UPDATE – Chart Book A Global Trading Summary of Metals Markets • Highlights • Futures • Options Monthly Metals

MT025.12/0/0210

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 © 2010 CME Group. All rights reserved.

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