UPDATE 1-Trafigura, IXM caught in Comex copper short squeeze as prices hit record [Yahoo! Finance]
CME Group Inc. - Class A (CME)
Last cme group inc. - class a earnings: 4/29 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
investor.cmegroup.com
Company Research
Source: Yahoo! Finance
LONDON/BEIJING, May 15 (Reuters) - Commodity traders Trafigura and IXM are seeking physical copper to cover large bearish positions on the CME, where U.S. copper prices surged to record highs on Wednesday, five sources with direct knowledge of the situation said. A short squeeze occurs when parties betting on lower prices are forced to buy back their positions at a loss or deliver physical copper to close them out. Copper prices on COMEX, part of the CME Group, hit a record peak of $5.18 a lb and was down 0.6% at $4.93 at 1613 GMT, gaining 28% so far this year and 14% in the last week. "Trafigura is one of the largest physical suppliers of copper to North America and given the premium in this market we are shipping larger quantities of the metal to COMEX," the Swiss-based trader said IXM, owned by China's CMOC Group, declined to comment. The CME did not immediately respond to a request for comment. Further gains for copper prices on the CME are likely as shipments from Sout
Show less
Read more
Impact Snapshot
Event Time:
CME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CME alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CME alerts
High impacting CME Group Inc. - Class A news events
Weekly update
A roundup of the hottest topics
CME
News
- Is the Slump in Natural Gas Rig Count a Boon for Prices? [Yahoo! Finance]Yahoo! Finance
- Stock Market Today: Stocks edge higher with markets on inflation watch [Yahoo! Finance]Yahoo! Finance
- Stock market today: Asian shares are mixed after US holiday quiet [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian shares are mixed after US holiday quiet [Yahoo! Finance]Yahoo! Finance
- Stock market today: Asian shares are mixed after US holiday quiet [Financial Post (Toronto, Ontario, Canada)]Financial Post
CME
Earnings
- 4/24/24 - Beat
CME
Sec Filings
- 5/21/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- CME's page on the SEC website