Tokyo Commodity Exchange (TOCOM) announced today that June 2011 tradingvolume averaged 108,219 contracts per day, down 12.3% from May 2011. The gold contract, TOCOM’s most traded product, was down 16.6% to 52,636 contracts per day. Gold mini was down 13.3% to 9,368 contracts per day while rubber decreased 20.8% to 9,849 contracts per day. In the meantime crude oil volume was up 2.9% to 5,454 contracts per day and platinum was up 6.8% to 13,016 contracts per day.
The changes are attributed to financial instability in Europe and FRB’s latest stimulus measures, which in effect led the market hold trading in the first half of June. In the second half of the month, trade increased as gold, platinum and crude oil prices became significantly volatile.
At the end of June, open interest in all listed commodities totaled 357,991 contracts, an increase of 34,073 contracts from the end of May 2011.
The table below provides the monthly trading data for all listed commodities.
Click here for full details.