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The Tokyo Commodity Exchange announced today that average daily trading volume for June was 78,289 contracts, up 6% from May. TOCOM’s leading commodiy, Gold saw volume down 3.3% to 26,775 contracts. This was made up for with increases for most other listed commodities such as Crude Oil, which was up 5.0% to 2,837 contracts, Platinum, which rose 7.1% to 18,653 contracts and Rubber, which was up 13.7% to 10,786 contracts.
TOCOM Platinum prices continued to fluctuate in June due to labor disputes at South African mines. Palladium followed this trend and advanced mid-month reaching a 13-year high on June 11th of 2,820 yen per gram.
Crude Oil prices rose in fear for a shortfall as tensions grew Iraq. It hit a 2014 high of 69,950 yen per kiloliter on June 24. Gasoline and Kerosene advanced following the same fears.
Open interest at the end of June 2014 for all listed products totaled 309,181 contracts, an increase of 766 (0.25%) from the end of May.
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