.jpg)
The Dalian Commodity Exchange (DCE) in April achieved a trading volume of 18.7 million contracts and a turnover worth 506.9 billion yuan, accounting for 42.38% and 16.73% of the total of China’s national market respectively, according to the latest statistics from China Futures Association. The trading volume declined by 0.9% from a year ago and was 40% higher than March, while the turnover was 15.6% more than April 2006 and rose 55.9% from March. The open interest at the end of the month was nearly two million contracts, down 19.5% from a month ago. The total trading volume and the turnover from January to April on the DCE was 65.2 million contracts and 1.6 trillion yuan, down 23.5% and 18.4% respectively from last year.
April was an active month for China’s futures market as a whole. The total volume rose 30.8% from a year ago to 44 million contracts, or an increase of 25.7% from March. Turnover jumped 74.8% from last year to 3 trillion yuan, and was up 74.8% from a month ago.
