Tokyo Commodity Exchange today announced that October 2010 trading volume averaged 107,971 contracts per day, up 18.0% from September 2010. This records the double digit increase for the second consecutive month. Gold standard, which is the Exchange’s most traded commodity, increased by 20% from the previous month to 47,396 contracts per day and contributed to the increase of the monthly volume. Silver and palladium surged by 93.5% and 50.1% respectively. Reflecting the continuous recordbreaking price rise of New York gold, TOCOM’s precious metals market became very active. Rubber also increased by 34.6% reflecting the activated trades based on concerns for tight supply as well as slowdown in demand due to rate rise in China, which is the largest rubber consumer.
For details of the monthly trading records of all listed commodities, please refer to the below table.
At the end of October 2010, open interest in all listed commodities totaled 316,578 contracts, increase of 3,352 contracts from the end of the previous month.
Click here for full details.