Average daily trading volume on the Tokyo Commodity Exchange in December rose 4.4% from the previous month to 143,581 contracts, driven mainly by investors' interest in natural rubber and gold futures, but traded volume on the bourse still fell far short of 2008 levels.
Annual trading volume for all commodities is estimated at 28.8 million contracts in 2009, down 30% on year, according to data issued by the exchange, dated Jan. 6.
Average daily trading volume in RSS3 rubber futures on Tocom rose 24% on month in December, to 12,484 contracts, as prices pushed to their highest levels in more than a year--but on year, daily volume averaged less than half of December 2008 levels.
Average daily volume has gradually increased to 143,000 contracts in December from 87,000 contracts in May, which shows a clear sign of recovery, Tocom said.
Combined open interest for all commodities on Tocom has increased to 320,000 contracts for the first time since 2008.
In December, average traded volume rose for a fifth consecutive month.
Trading in standard gold rose 13% on month in December to average 78,590 contracts per day. Mini gold volume declined 14% to 17,654 contracts.
For crude oil, the average daily volume rose 14% on month in December to 3,332 contracts.
For other commodities traded on Tocom, including platinum, palladium and kerosene, volume was lower compared with November.
(Source: irco.biz)
No comments:
Post a Comment