Two auctions for physical aluminum were held using CME Group’s electronic auction platform in October and included six participants within the aluminum supply chain.
The Aluminum Auction was launched to support established aluminum markets and provide a platform for market participants to transact physical material anonymously in the spot market.
Since launching, our Battery Metals products have quickly been adopted by the industry.
Due to the strong demand and growth in Cobalt, we have extended the contract listing through to December 2024.
Total cobalt trades now equal 2,772 contracts / 2,772 metric tons and open interest currently stands at 1,837 contracts.
We are pleased to announce the second trade of Lithium in September. The trade was for 5 metric tons / with a notional value of $98,750.
Learn more on Cobalt
Learn more on Lithium
Read: Trading the Blue Metal: Growing Activity in Cobalt Futures
Aggregated price streams: connect via single EBS API or GUI to multiple bank and non-bank LP streams.
Disclosed and / or undisclosed liquidity: LPs pricing in their own names or via a prime bank. Accessing via the pre-screened credit of an EBS Prime Bank removes the requirement for Designation Notices and post-trade give up.
Use EBS Quant Analytics TCA to monitor cost of execution, post-trade markouts, LP hold times, and liquidity alpha–all available on one portal.
COMEX Steel futures are on pace for a sixth consecutive year of record volume.
US Hot-Rolled-Coil (HRC) Steel futures ADV has risen 16% YoY to 1K contracts YTD ($36M notional). OI finished September at a record high of 41,655 contracts.
European HRC Steel futures hit record volume, open interest, and participation. Average 1,140 metric tons traded per day in Q3, with open interest at 40K metric tons and the largest participant growth since launch.
By notional value traded, the global ferrous market is the world’s largest commodity market, only behind global crude oil.
Learn more about Steel
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Data as of September 30, 2021, unless otherwise specified
View the current version and an archive of the Metals Update online at: cmegroup.com/education/metals-update.html.