Aluminum swaps have come a long way since August 9th 2013, when the first lots on the CME’s MW US Transaction futures contract were reported to have traded. By the end of May 2016, open interest for exchange traded CME premium contracts stood at 27,890 lots [735,250 mt], up 194% on year. Swap contract trade rose further in June, with large volumes traded for H2 2016 and H1 2017.
Posts tagged ‘analysis’
February 15, 2016 06:59 UTC
Para leer en español haga clic aquí: Crisis en el sector estadounidense de exploración y producción. ¿Llegará la estabilidad antes de lo previsto?
How long does the world have to wait before all the surplus oil sloshing around gets mopped up and prices find an equilibrium point that represents balanced supply and demand? Would you believe it if someone said that might be just a quarter and a bit away?
On the supply side, all bets are on shale to bail: there is no hope of output cuts from OPEC, let alone a coordinated action with other major producers such as Russia, amid a stubborn quest for market share.
May 15, 2015 08:38 UTC
At the recent Asia Petrochemical Industry Conference (APIC) held on May 7-8 at Seoul in South Korea, one of the hot topics doing the rounds was China’s march towards self-sufficiency. Will it, delegates asked, put a brake on petrochemical majors’ engagement with the country, which is currently the world’s largest consumer of chemicals?