Over 8 Trillion Yuan Contracts Traded On Dalian Commodity Exchange January-October 2997

The Dalian Commodity Exchange (DCE) had 26.4 billion contracts change hands in the first ten months this year, worth 8.04 trillion yuan, 44% and 100% upper respectively from a year ago.

DCE had introduced LLDPE and RBD palm oil futures since the latter half of this year. The total turnover and trading volume of October increased 218% and 447% from the same period last year to 387.1 billion contracts and 1.35 trillion yuan. The open interests at the end of October reached 2.48 million contracts, 19.23% higher than September.

For October, China's three commodity exchanges, Shanghai Commodity Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange had a market share of 36.7%, 36.2% and 27.1% respectively. Market analysts said that an obvious amount of foreign capital was induced into the futures market lately. As basic regulations of the futures market had improved step by step in the last few years, players had a more profound and rational knowledge to the futures market and a benign situation has formed with the mutual development of China's three commodity exchanges.