In the first eight months, the futures market turnover increased by more than 50% year-on-year

Data released by the China Medium-Term Association on September 1 showed that in August, the national futures market (including options, the same below) had a trading volume of approximately 639 million lots and a turnover of approximately 52.22 trillion yuan, a year-on-year increase of 15.88%. and 13.61%, a month-on-month increase of 3.52% and 4.94% respectively. In the first eight months of this year, the national futures market had a cumulative trading volume of approximately 4.973 billion lots and a cumulative trading volume of approximately 388.3 trillion yuan, a year-on-year increase of 36.58% and 51.18% respectively.

According to the branch exchanges, in August, the trading volume of the Shanghai Futures Exchange was approximately 194 million lots, and the turnover was approximately 15.95 trillion yuan, a year-on-year decrease of 7.46% and 13.55% respectively, and a month-on-month increase of 7.42% and 6.71% respectively; The trading volume of energy in the last period was approximately 5.94 million lots, with a turnover of approximately 1.73 trillion yuan, a year-on-year increase of 55.70% and 116.60% respectively, and a month-on-month decrease of 4.73% and 7.97% respectively; the Zhengzhou Commodity Exchange’s trading volume was approximately 213 million lots, with a turnover of approximately 91,400 yuan. billion, a year-on-year increase of 35.30% and 51.23% respectively, and a month-on-month increase of 1.23% and 4.84% respectively; DCE’s trading volume was approximately 215 million lots, with a turnover of approximately 14.80 trillion yuan, a year-on-year increase of 27.10% and 75.93% respectively, and a month-on-month increase of 1.23% and 4.84% respectively. Increases of 2.86% and 11.15%; CFFEX’s trading volume was approximately 11.46 million lots, with a turnover of approximately 10.59 trillion yuan, a year-on-year decrease of 2.83% and 13.57% respectively, and a month-on-month increase of 0.79% and a decrease of 2.79% respectively.

Zhong Meiyan, assistant director of the Everbright Futures Research Institute, told a reporter from Futures Daily that in August, the national futures market trading volume and turnover still showed a month-on-month growth trend, with slight differences between exchanges. Among them, the monthly energy trading volume in the previous period dropped month-on-month. , the rest all increased month-on-month, with the largest increase being from the Shanghai Futures Exchange.

Judging from the price fluctuations of August futures varieties, Zhong Meiyan said that the overall market showed a pattern of more declines and less rises. Specifically, the varieties with the highest increases include: ferrosilicon, manganese silicon, coke, rapeseed oil, aluminum, coking coal and rapeseed. Among them, ferrosilicon has a monthly increase of 16%, manganese silicon has increased by more than 9.3%, and the remaining varieties have increased by more than 9.3%. Between 6% and 7.5%; in terms of falling varieties, the price of iron ore fell significantly, with a monthly decline of more than 21%, and the price of pigs, PTA, and glass all fell more than 10%. Hot coil, ethylene glycol, stainless steel, rebar, cotton yarn, urea and other varieties all experienced monthly declines of more than 7%.

“In general, August is the adjustment month for commodities. The black, energy, chemical, precious metals, and non-ferrous sectors have all seen major adjustments. On the one hand, This is because the market’s trading volume and turnover have increased. On the other hand, the market’s total positions have declined month-on-month, and the market’s overall risk awareness has also changed. With a number of macro data since August With the implementation of the project, there are obvious signs of a marginal decline in economic momentum. From a risk management perspective, as long as the supply and price of raw materials continue to be guaranteed, it is expected that the product profits of midstream and downstream companies will improve.” Zhong Meiyan said.

AAA

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