Its underlying aluminium contract looked in danger of disappearing altogether with no trades at all in 2018 but the contract sprang into life in the second half of 2019 after CME extended physical delivery to Asian locations such as Singapore and the Malaysian ports of Johor and Port Klang. They currently account for 9,291 tonnes of CME's total 17,145 tonnes of registered aluminium stocks. (Aluminium ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur - Reuters)
LONDON, Jan 10 (Reuters) - Base metals trading volumes shrank on all three major global exchanges last year as trade war uncertainty and range-bound markets dampened speculative activity.
'Doctor Copper' has long been a favourite metallic play among punters and sliding volumes were symptomatic of a sector that was largely out of favour with the money men.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
