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