.jpg)
Tokyo Commodity Exchange (TOCOM) announced today that December2011 trading volume averaged 112,492 contracts per day, down 5.3% from November 2011 with year-on-year volume up 8%. There was a significant drop in average daily volume for Crude Oil (down 10.4% to 5,190 contracts) and Rubber (down 35.4% to 7,502 contracts).
The decreases may be attributed to lingering concerns of market participants over the persistent European financial crisis that could prolong global financial market troubles, which resulted in stagnating trading. The holiday season has also slowed down the market.
Open interest at the end of December for all listed commodities totaled 323,801 contracts, a decrease of 29,838 contracts from the end of November.
Click here for full details.
