November Hot Rolled Futures Trading

Written by Jack Marshall

For CME Group hot rolled coil (HRC) volume – November 2013 volume 3,869 contracts traded (77,380 short tons) compared to November 2012 volume 2,198 contracts traded (43,960 ST) – a 37.1 percent increase year over year.

HRC 2013 YTD volume 51,163 contracts traded versus 2012 YTD volume 41,455 contracts traded – a 23.4 percent increase year over year.  Given that each futures contract traded has both a buyer and a seller we have seen over 2 million short tons hedged this year.

Comparing changes in “open interest” – both new buyer and new seller entering the HRC futures market. Open Interest year on year comparison – November 2013 14,619 contracts versus November 2012 12,902 contracts – a 13.3 percent increase. Open Interest for November 2013 was 2.4% lower than October 2013 – 14,982 contracts.

Jakc Marshall, SMU Contrubutor

Jack Marshall

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