Four contracts saw volume growth of more than ten per cent on 2006 figures:
The Primary Aluminium contract saw Futures growth of over 10%, taking the total traded to over 40 million lots; the Copper Grade A contract grew 13.6% to 21.4 million lots; the NASAAC contract grew over 19% to 1.2 million lots; and the Aluminium Alloy contract grew almost 11% to around 0.5 million lots.
Commenting on the results, Martin Abbott, LME Chief Executive said:
“These results clearly demonstrate another excellent year for the LME, its high levels of liquidity and the continued confidence and credibility of its services. Our current and expanding portfolio of service offerings, led by the launch of the steel billet contracts in February, means that we are on track to meet our target to double volumes in the next five years.”
Background:
- The LME is the world’s premier non-ferrous metals market.
- Trading at the LME in non-ferrous metals and plastics takes place across three platforms: through open-outcry trading on the “Ring”; through an inter-office telephone market and through LME Select.
- In 2008 the LME will launch Mediterranean and Far East regional futures contracts for steel billets. Trading via a soft-launch will initially commence on LME Select and the telephone on 25 February, Ring trading will commence on 28 April with the first prompt date 28 July.
Annual Turnovers 2007
(The following shows 2007 volumes compared to 2006. These are broken down into lots by each metal, plastic and by contract type.)
|
FUTURES |
2007 |
2006 |
|
Primary HG Aluminium |
40,229,693 |
36,418,131 |
|
Aluminium Alloy |
492,868 |
444,738 |
|
Copper Grade A |
21,420,450 |
18,864,246 |
|
Lead |
4,697,862 |
4,568,140 |
|
Nickel |
3,792,788 |
4,177,557 |
|
Tin |
1,293,722 |
1,283,897 |
|
Special High Grade Zinc |
12,556,285 |
11,706,008 |
|
NASAAC |
1,236,484 |
1,031,411 |
|
LMEX |
0 |
0 |
|
PP Global |
7,977 |
13,303 |
|
PA Asia |
102 |
0 |
|
PE Europe |
29 |
0 |
|
PN North America |
401 |
0 |
|
LL Global |
5,498 |
16,727 |
|
LA Asia |
0 |
0 |
|
LE Europe |
16 |
0 |
|
LN North America |
282 |
0 |
|
LMEmini - Copper Grade A |
1,099 |
1,411 |
|
LMEmini - Primary Aluminium |
729 |
1,987 |
|
LMEmini - Special High Grade Zinc |
195 |
283 |
|
TOTALS |
85,736,480 |
78,527,839 |
|
OPTIONS |
2007 |
2006 |
|
Primary HG Aluminium |
3,432,485 |
4,690,867 |
|
Aluminium Alloy |
0 |
315 |
|
Copper Grade A |
2,027,181 |
1,850,993 |
|
Lead |
298,965 |
164,410 |
|
Nickel |
167,428 |
158,496 |
|
Tin |
18,407 |
17,315 |
|
Special High Grade Zinc |
1,111,080 |
1,335,184 |
|
NASAAC |
10,052 |
4,420 |
|
LMEX |
0 |
0 |
|
TOTALS |
7,065,598 |
8,222,000 |
|
TAPOs |
2007 |
2006 |
|
Primary Aluminium |
47,149 |
95,606 |
|
Aluminium Alloy |
0 |
75 |
|
Copper Grade A |
16,667 |
45,346 |
|
Lead |
3,210 |
3,335 |
|
Nickel |
35,220 |
14,502 |
|
Tin |
48 |
850 |
|
Special High Grade Zinc |
10,314 |
29,466 |
|
NASAAC |
42 |
1,170 |
|
TOTALS |
112,650 |
190,350 |
|
FUTURES + OPTIONS |
2007 |
2006 |
|
Primary HG Aluminium |
43,709,327 |
41,204,604 |
|
Aluminium Alloy |
492,868 |
445,128 |
|
Copper Grade A |
23,464,298 |
20,760,585 |
|
Lead |
5,000,037 |
4,735,885 |
|
Nickel |
3,995,436 |
4,350,555 |
|
Tin |
1,312,177 |
1,302,062 |
|
Special High Grade Zinc |
13,677,679 |
13,070,658 |
|
NASAAC |
1,246,578 |
1,037,001 |
|
LMEX |
0 |
0 |
|
PP Global |
7,977 |
13,303 |
|
PA Asia |
102 |
0 |
|
PE Europe |
29 |
0 |
|
PN North America |
401 |
0 |
|
LL Global |
5,498 |
16,727 |
|
LA Asia |
0 |
0 |
|
LE Europe |
16 |
0 |
|
LN North America |
282 |
0 |
|
LMEmini - Copper Grade A |
1,099 |
1,411 |
|
LMEmini - Primary Aluminium |
729 |
1,987 |
|
LMEmini - Special High Grade Zinc |
195 |
283 |
|
GRAND TOTALS |
92,914,728 |
86,940,189 |
Sizes of lots: Aluminium Alloy and NASAAC: 20 tonnes, Nickel: 6 tonnes, Tin: 5 tonnes, all other metals: 25 tonnes. PP and LL: 24.75 tonnes. LMEmini Copper, Aluminium and Zinc: 5 tonnes
Neither the LME nor any of its directors, officers or employees shall, except in the case of fraud or wilful neglect, be under any liability whatsoever either in respect of any act or omission (including negligence) in relation to the preparation or publication of the data contained in the report.
