LONDON London Metal Exchange trading volumes were on course to break annual records in the first 11 months of the year, data from the exchange showed Dec. 19.
The trading volume across all contracts hit 156.64 million lots between January and November, while average daily volumes stood at 671,948 lots, the LME said.
If those daily volumes continue over the remaining working days of the year, overall trades for 2013 could hit 170 million lots. This would exceed the 2012 record by 6.5 percent.
Average daily volumes were up for aluminum, copper, nickel and tin on a year-on-year basis, while lead and zinc trading volumes fell.
Month-end market open interest rose for aluminum, copper, zinc and nickel but dropped for lead and tin, while the LMEs global market share in futures trading increased in each of the main metals except lead, which dropped to 86 percent from 87 percent.
Its share of copper trading volumes globally rose to 65 percent, up 1 point, while its share of zinc trading volumes increased to 89 percent from 84 percent in 2012.
A version of this article was first published by AMM sister publication Metal Bulletin.