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The Tokyo Commodity Exchange (TOCOM) announced today that April 2012 trading volume averaged 92,493 contracts per day. This was down 22.4% from March 2012 and was broadbased, affecting all listed commodities except Gas Oil.
The leading contracts at TOCOM saw monthovermonth decreases in average daily volume which led to a significant overall drop in volume; Gold Standard was down 25.7% to 40,917 contracts, Gold Mini was down 27.2% to 11,340 contracts, Crude Oil was down 19.3% to 5,137 contracts and Kerosene was down 24.5% to 2,551 contracts.
In the past month, trading volumes were impacted by a resurgence of the European debt crisis and clouded prospects for a recovery of the U.S. economy.
Open interest at the end of April for all listed contracts totaled 347,707, an increase of 6,780 (up 1.99%) from the prior month.
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