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China's futures trading volume rises 60% in May

Published: 31 May 2009 23:05:40 PST

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Jun. 1, 2009 (China Knowledge) - China's futures trading volume increased 60% year on year to 138 million lots in May, but fell 20% compared with trading volume in April, the China Futures Association (CFA) said late Saturday.

Total transaction turnover amounted to RMB 9.37 trillion in May, reflecting a year-on-year growth of 85%.

Trading of polyvinyl chloride (PVC) futures contracts reached a trading volume of 276,000 lots and a turnover of RMB 8.98 billion in just three days after becoming available on the Dalian Commodity Exchange (DCE) on May 25.

The total trading volume on the DCE was up 69% and reached 67.05 million lots, while its turnover rose 80% to RMB 3.38 trillion. Futures products listed on the DCE include soybean, soybean meal, soybean oil, corn, RBD palm oil and linear low density polyethylene.

The Shanghai Futures Exchange (SHFE), which lists futures products in the steel, copper, aluminum, zinc, gold, rubber and fuel oil industries, realized a trading volume of 51.2 million lots in May, indicating a year-on-year surge of 232%. The total turnover of the SHFE surged 155% to RMB 5.24 trillion last month.

The Zhengzhou Commodity Exchange (ZCE) completed a total trading volume of 19.51 million lots, down 37% from a year earlier, while its total turnover declined 35% to RMB 743.5 billion. ZCE offers futures products including cotton, rapeseed, wheat, sugar and pure terephthalic acid.

In the first five months of this year, China's futures trading volume increased 38% year on year to 676 million lots.

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