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Total trading volume at the Dalian Commodity Exchange, China’s leading agricultural and plastics exchange, for the month of December was 63,048,082 contracts, a decrease of 39.29% compared to December 2009. Average daily volume for this period was 2.74 million contracts. Trading turnover totaled CNY 4.040 trillion, a decrease of 22% compared to December 2009. Trading volume for the 2010 reached 806.33 million contracts, just 3.27% shy of 2009’s total trading volume.
Trading volumes were down across the board compared to last month. Various government initiatives to rein in commodity prices and curb speculation, combined with increased trading margins and fees across all of China’s futures exchanges brought volumes down significantly. Total trading volume was down 58% compared with last month.
Open interest for all DCE products at the end of December was 2,979,798 contracts, a decrease of 7.81% compared to last month.
According to statistics from the China Futures Association, total December trading volume in China’s futures market was 213.8 million contracts, a decrease of 22.13% compared to December 2009 and down over last month. Total trading turnover was CNY 44.268 trillion, an increase of 224.71% over November 2009 and 49.5% from last month.
|
Average Daily Volume | |||||
|
|
Dec 2010 |
Dec 2009 |
% Change |
Nov 2010 |
% Change |
|
No. 1 Soybeans |
244,969 |
599,586 |
-59.14% |
673,688 |
-63.64% |
|
No. 2 Soybeans |
65 |
180 |
-64.15% |
200 |
-67.80% |
|
Soybean Meal |
518,192 |
1,510,259 |
-65.69% |
1,802,652 |
-71.25% |
|
Soybean Oil |
686,726 |
1,075,535 |
-36.15% |
1,451,766 |
-52.70% |
|
Corn |
215,134 |
105,864 |
103.22% |
1,127,514 |
-80.92% |
|
Palm Oil |
318,685 |
463,712 |
-31.28% |
493,215 |
-35.39% |
|
LLDPE |
627,560 |
378,786 |
65.68% |
846,161 |
-25.83% |
|
PVC |
129,890 |
381,431 |
-65.95% |
144,780 |
-10.28% |
|
Total |
2,741,221 |
4,515,353 |
-39.29% |
6,539,977 |
-58.09% |
Note: Prices are in CNY / metric ton. Prices are for the nearest delivery month contract, not including the month of reporting
Start = Opening price at the beginning of the month
End = Closing price at the end of the month
High/Low = Highest/lowest trading price during the month
|
Product |
Start |
End |
% Inc./Dec. |
High |
Low |
|
No. 1 Soybeans |
3,953 |
4,050 |
2.45% |
4,149 |
3,862 |
|
No. 2 Soybeans |
4,390 |
4,650 |
5.92% |
4,749 |
4,226 |
|
Soybean Meal |
3,230 |
3,338 |
3.34% |
3,398 |
3,154 |
|
Soybean Oil |
9,180 |
10,120 |
10.24% |
10,302 |
9,170 |
|
Corn |
2,082 |
2,005 |
-3.70% |
2,105 |
2,002 |
|
Palm Oil |
9,028 |
9,980 |
10.54% |
10,000 |
8,986 |
|
LLDPE |
10,400 |
11,105 |
6.78% |
11,360 |
10,370 |
|
PVC |
8,100 |
7,820 |
-3.46% |
8,265 |
7,590 |
