Futures Turnover over RMB20 Trillion, 150% YoY Growth in Jan.

Date: February 4, 2013
Source: China Business News

　　According to latest statistics of China Futures Association, the trading scale of China¨s futures market in January has increased from the previous month. Calculated by one side, the volume of China¨s futures market in January is 157 million contracts and the turnover is RMB20.69 trillion.
　　Compared with the same period in 2012, the volume and turnover of futures market increase by 235.8% and 157.04% respectively on a year-on-year basis and go up by 3.52% and 8.09% respectively than that in December of last year.
Statistics show that the monthly turnover of China¨s futures market set the record high in November, 2010, reaching RMB22 trillion (calculated on one side). A series of measures released by the regulators to check over-speculation in futures market has slowed down the transaction. In January this year, the turnover in futures market exceeds RMB20 trillion again, the second highest in the record.
　　The volume of Shanghai Futures Exchange (SHFE) in January is 3,538 contracts and its turnover RMB2.9 trillion, taking up 22.58% and 14.23% respectively in the national market and up by 95.33% and 6.42% respectively on a year-on-year basis.
　　The volume of Zhengzhou Commodity Exchange (ZCE) in January is 5,774 contracts and its turnover RMB2.14 trillion, taking up 36.84% and 10.37% respectively in the national market and up by 401.33% and 222.75% respectively year-on-year.
　　The volume of Dalian Commodity Exchange (DCE) in January is 4,858 contracts and its turnover RMB3.9 trillion, taking up 30.99% and 18.95% respectively in the national market and up by 322.29% and 557.85% respectively year-on-year.
　　In terms of open interest, the month-on-month decrease is only seen on China Financial Futures Exchange (CFFEX). At the end of January, the total market open interest on CFFEx is 104,000 contracts, down by 5.56% than the end of last month; that of SHFE is 1.47 million contracts, up by 18.69% than the end of last month; that of ZCE is 1.518 million contracts, up by 32.94% than the end of last month; and that of DCE is 2.518 million contracts, up by 11.18% than the end of last month.
　　The turnover of some products exceeds RMB500 billion, including CSI 300 Index, coke, rebar steel, glass, natural rubber, copper, soybean meal, soybean oil, and palm oil. Among others, the monthly turnover of CSI 300 Index reaches RMB11.68 trillion, ranking the first; and the coke futures and steel rebar futures rank the second and the third respectively, with the monthly turnover of RMB1.96 trillion and RMB1.05 trillion, respectively.
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