Date: November 4, 2013
Source: China Business News

  According to statistics from the China Futures Association (CFA), the trading volume and the turnover of China’s futures market in October reached 149 million contracts and RMB19 trillion, up by 18.90% and 25.35% year-on-year and down by 11.46% and 8.78% month-on-month, respectively. The trading volume of China’s futures market reached 1.742 billion contracts with the turnover exceeding RMB225.5 trillion in the first 10 months.
  Noticeably, trading volume and turnover in the first 10 months have soared by 20% and 30% respectively compared with the total of last year, with the volume of China’s futures market at 1.45 billion contracts and turnover of RMB171 trillion.
  Both the trading volume and turnover in October plunged month on month due to the National Day holiday, as opposed to the marked increase in futures open interest.
  Statistics from the CFA showed that the Shanghai Futures Exchange (SHFE) traded 47.02 million contracts in October with the turnover of RMB4.6 trillion, down by 20.21% and 20.48% month on month, respectively. By the end of October, the SHFE’s open interest totaling 2.05 million contracts had jumped by 33.39% compared with that at the end of last month.
  The Zhengzhou Commodity Exchange (ZCE) traded 34.72 million contracts in October with the turnover of RMB1.22 trillion, down by 16.71% and 12.70% month on month, respectively. By the end of October, the ZCE’s open interest totaling 22.07 million contracts had risen by 5.55% compared with that at the end of last month.
  The Dalian Commodity Exchange (DCE) traded 53,736,759 contracts in October with the turnover of RMB3.26 trillion, up by 0.39% and 0.71% month on month, respectively. By the end of October, the DCE’s open interest totaling 3.99 million contracts had surged by 19.81% compared with that at the end of last month.
  The China Financial Futures Exchange (CFFEX) traded 13.66 million contracts in October with the turnover of RMB9.9 trillion, down by 4.41% and 4.71% month on month, respectively. By the end of October, the CFFEX’s open interest totaling 99,640 contracts had increased by 10.64% compared with that at the end of last month.