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Tokyo Commodity Exchange yesterday announced that December trading volume averaged 143,581 contracts per day, up 4.4 % from November 2009. The average monthly volume tops the previous months for the 5 th consecutive month. The major contribution to this gain came from gold standard averaging 78,590 contracts per day, up 13.2% and rubber averaging 12,484 contracts, up 24.2%, both from November 2009. On the other hand, gold mini averaged 17,654 contracts, down 14.2%, platinum averaged 14,602 contracts, down 7.7% and gasoline averaged 10,307 contracts, down 9.6% from the previous month respectively. In line with the increase in trading volume, total open interest of all listed commodities at TOCOM recovered to the 320,000 level for the first time since October 2008.
The annual trading volume for 2009 amounted to 28,881,948 contracts, down 29.6% from 2008. However, average daily volume recorded a gradual increase from 87,000 contracts in May to 143,000 contracts in December, which shows a clear sign of recovery.
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