European commodities see 29% lower trading in July

July 2016 saw volumes across European commodity markets drop 29% compared to the previous month, according to data provider Trayport.

Total monthly contracts traded of 5.922m, which is the lowest monthly volume seen in 2016.

Despite this, volumes year-to-date continue to show strong growth, with 54.13m monthly contracts traded up 20% over the same period last year.

All commodity groupings contributed to the drop in volume in July, with European power posting the largest month-on-month percentage drop at 37%, followed closely by coal at 36%, then European gas and UK gas both down 28%.

As July saw volumes down across the board, coal reached an exchange executions record: exchange executions market share moved into double digits at 17% of the coal market for July. This has pushed year-to-date exchange execution market share up to 5% – the highest seen year-to-date, according to Trayport records.

trayport_july

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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