Previous close | 64.02 |
Open | 72.73 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 150.00 |
Expiry date | 2024-09-20 |
Day's range | 64.02 - 72.73 |
Contract range | N/A |
Volume | |
Open interest | N/A |
The CME Group has raised its margin requirements for trading copper futures, which hit record highs this week, effective after the close of business on Thursday. The U.S. exchange operator raised the outright margins on copper futures by $500 to $5,000 per contract, the CME's clearing house said in a notice. Sources told Reuters on Wednesday that commodity traders Trafigura and IXM were seeking physical copper to cover large bearish positions on the CME exchange, where U.S. copper futures surged to record highs.
(Bloomberg) -- A massive dislocation between the prices for copper traded in New York and other commodity exchanges has rocked the global market for the metal and prompted a frantic dash for supplies to ship to the US.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlySlovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketX
The Chicago-headquartered exchange has been holding discussions with traders who want to buy and sell bitcoin on a regulated marketplace, the newspaper said, citing three people with direct knowledge of the talks. However, FT said that the plan has not yet been finalised.