By Robb M. Stewart


CME Group Inc. said strong demand has led to a jump in aluminum futures trading this year, with the derivatives marketplace notching a record single-day volume this week.


On the futures activity:

"Aluminum Futures average daily volume is up 359% in 3Q-to-date from 1Q, reaching a record single-day volume of 6,709 contracts on Wednesday."

CME said average daily volume has been about 3,700 contracts in September and open interest about 1,000 contracts.

"All 25 of the top 25 Aluminum Futures volume days have occurred since April of this year, with nearly 150 new accounts trading since May."

Jin Chang, managing director and global head of metals at CME, said: "We have seen an increase in demand from aluminum participants to enhance liquidity and create a more robust alternative market."


Write to Robb M. Stewart at robb.stewart@wsj.com


(END) Dow Jones Newswires

09-16-22 0632ET