Date: September 25, 2012
Source: China Business News

　　Yesterday (September 24) was the last delivery date of AG1209, Shanghai Futures Exchange’s first silver futures contact. A total of 147.96 tons of silver were delivered. The delivery value was RMB1.092 billion and delivery rate 0.15%. The first silver futures contract thus completed the full cycle from listing to delivery.
　　September 17 was AG1209 contract’s first delivery date since its launch. On the day, the open positions were 147,960 kilograms (9,864 lots), the silver warehouse receipts 303,232 kilograms, futures firms’ total long positions 9,374 lots and the total short positions 9,646 lots. There were about 30 futures firms involved in the delivery. The average daily trading volume (kilograms) of AG1209 was about 3.9 times of Shanghai Gold Exchange’s silver T+D contract, a relatively mature contract in China, and the average daily volume of open positions about 0.65 times of T+D contract. From the beginning of September, AG1209’s average daily volume of daily open positions was 1.1 times of T+D, and the total open positions of AG1209 is now higher than T+D contract.