Date: December 2, 2013
Source: China Business News

　　Since the beginning of 2013, domestic futures market has launched many new products including coking coal, steam coal, treasury bond futures, asphalt, iron ore, egg and japonica rice, with fiberboard and blockboard to be launched in the Dalian Commodity Exchange (DCE) on December 6, 2013. All this has resulted in a surge of turnover and volume in the futures market.
　　According to latest statistics from China Futures Association (CFA), the trading volume and turnover of China’s futures market from January to November reached 1,894.8 million contracts and RMB246.092 trillion, up by 45.86% and 61.93% year on year, respectively. After a month-on-month slump in October, the trades of China’s futures market in November saw some rally with the trading volume and turnover of 152 million contracts and RMB20.67 trillion, up by 2.39% and 19.92% year on year as well as 2.04% and 8.82% month on month, respectively.
　　Noticeably, trading volume and turnover in the futures market in the first 11 months have soared by 30% and 44% respectively compared with 2012 when the volume and turnover were 1.45 billion contracts and RMB171 trillion, respectively.
　　Statistics showed that, from January to November, the Shanghai Futures Exchange (SHFE) traded 585 million contracts, with the turnover of RMB55.38 trillion (accounting for 30.89% and 22.51% respectively of the whole market), up by 79.72% and 35.02% year on year, respectively. In November, the SHFE traded 48 million contracts with the turnover of RMB4.49 trillion, accounting for 31.96% and 21.76% respectively of the whole market.
　　The Zhengzhou Commodity Exchange (ZCE) traded 485 million contracts, with the turnover of RMB17.14 trillion (accounting for 25.63% and 6.97% respectively of the whole market), up by 59.62% and 9.56% year on year, respectively. In November, the ZCE traded 33 million contracts with the turnover of RMB1.23 trillion, accounting for 21.74% and 5.99% respectively of the whole market.
　　The Dalian Commodity Exchange (DCE) traded 646 million contracts, with the turnover of RMB43.80 trillion (accounting for 34.10% and 17.80% respectively of the whole market), up by 11.59% and 46.64% year on year, respectively. In November, the DCE traded 54 million contracts with the turnover of RMB3.48 trillion, accounting for 35.77% and 16.87% respectively of the whole market.
　　Trading volume of stock index futures took up more than 50% of that in futures market, continuing to lead the futures market. From January to November, the China Financial Futures Exchange (CFFEX) traded 177 million contracts, with the turnover of RMB129.75 trillion (accounting for 9.39% and 52.73% respectively of the whole market), up by 97.15% and 98.29% year on year, respectively. In November, the CFFEX traded 16 million contracts with the turnover of RMB11.44 trillion, accounting for 10.54% and 55.37% respectively of the whole market. According to statistics from the CFFEX, the majority of trading volume and turnover came from stock index futures, with treasury bond futures trading remaining sluggish since its launch for lack of participants. It is shown that the treasury bond futures traded 75,584 contracts, with the turnover of RMB69.5 billion, accounting for merely 0.36% of the total of the futures market in November, falling far behind from stock index futures. However, in September, the first month when the treasury bond futures were launched, its trading volume reached 153,320 contracts with the turnover of RMB144.3 billion, accounting for 0.69% of the whole market.
　　In spite of the marked increase in trading volume and turnover, open interests of the said four futures exchanges had not climbed much by the end of November, and some even declined Statistics showed, by the end of November, that the SHFE’s open interest totaling 2.116 million contracts had inched up by 2.98%, compared with that at the end of last October. The ZCE’s open interest totaling 2.034 million contracts had declined by 7.85%, compared with that at the end of October. The DCE’s open interest totaling 3.818 million contracts had dropped by 4.25% compared with that at the end of October. The CFFEX’s open interest totaling 0.12 million contracts had risen by 20.62% compared with that at the end of October.