Over the last 13 days COMEX Copper contracts have seen record open interest, and it continues to climb:
- As of February 1, open interest stood at a record high of 297,830 increasing 43% YoY.
- Year-to-date volume is up 21%.
- Crucial back month open interest (Cal 18 and beyond) is up 200% month-on-month.
- Base Metals overall saw 23% YoY growth in January.