Tokyo Commodity Exchange (TOCOM) announced today that May 2011 trading volume averaged 123,363 contracts per day, up 1.9% from April 2011. The gold contract, TOCOM’s volume leader, was up 7.8% to 63,123 contracts per day. Gold mini volume was up 9.7% to 10,801 contracts per day while crude oil rose 13.2% to 5,302 contracts per day. Rubber volume fell 19.8% to 12,435 contracts per day and platinum was down 7.4% to 12,186 contracts per day.
The changes are attributed to volatility in overseas markets during the first week of May, when the TOCOM market was closed for Japanese national holidays. During that time, silver, gold and crude oil prices rose while rubber and platinum became less volatile. At the end of May, open interest in all listed commodities totaled 323,918 contracts, an increase of 23,124 contracts from the end of April 2011. The table below provides the monthly trading data for all listed commodities.
Click here for full details.
