Dept. of Futures Supervision No.19 (Total No.391)
May 23, 2008
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1. Trading in futures exchanges |
|
Exchanges |
Volume (lot) |
Change (%) |
Percentage (%) |
Turnover (100 million) |
Change (%) |
Percentage (%) |
Position (lot) |
Change (%)
|
|
Shanghai Futures Exchange |
4490764 |
14.8% |
22.1% |
5781.26 |
8.5% |
45.7% |
695522 |
0.7% |
|
Zhengzhou Commodity Exchange |
5590978 |
-20.9% |
27.5% |
2013.89 |
-24.7% |
15.9% |
1238168 |
-1.8% |
|
Dalian Commodity Exchange |
10274894 |
-7.0% |
50.5% |
4842.64 |
-9.2% |
38.3% |
2124972 |
2.3% |
|
Total |
20356636 |
-7.6% |
100.0% |
12637.79 |
-5.3% |
100.0% |
4058662 |
0.8% |
|
2. Trading of commodities futures |
|
Type |
Volume (lot) |
Turnover (100 million) |
Change (%) |
Percentage (%) |
Position (lot) |
Change (%) |
Stock (ton) |
Monthly settlement (lot)
|
|
Copper |
472004 |
1481.76 |
-26.5% |
11.7% |
148504 |
-0.9% |
45586 |
3270 |
|
Aluminum |
246788 |
237.14 |
15.5% |
1.9% |
159656 |
-5.1% |
185917 |
6500 |
|
Zinc |
912210 |
841.22 |
-20.9% |
6.7% |
152884 |
-6.6% |
69130 |
395 |
|
Gold |
78286 |
160.20 |
38.1% |
1.3% |
36296 |
-7.2% |
0.36 |
0 |
|
Natural rubber |
2399444 |
2877.19 |
63.9% |
22.8% |
146602 |
24.6% |
25200 |
1527 |
|
Fuel oil |
382032 |
183.76 |
6.5% |
1.5% |
51580 |
-0.9% |
88897 |
390 |
|
Hard wheat |
11888 |
2.15 |
-3.0% |
0.0% |
12060 |
4.0% |
400 |
70 |
|
Strong gluten wheat |
1108618 |
222.82 |
20.1% |
1.8% |
264796 |
-2.5% |
200930 |
1244 |
|
Cotton |
93234 |
69.62 |
51.9% |
0.6% |
94414 |
6.3% |
160880 |
7576 |
|
Sugar |
4010130 |
1529.49 |
-31.1% |
12.1% |
758066 |
-4.0% |
520900 |
9978 |
|
PTA |
147622 |
63.54 |
39.3% |
0.5% |
79730 |
13.3% |
96425 |
4642 |
|
Rapeseed oil |
219486 |
126.26 |
-28.1% |
1.0% |
29102 |
0.1% |
10780 |
0 |
|
Yellow soybean No.1 |
5122846 |
2435.07 |
-0.6% |
19.3% |
791528 |
-2.8% |
63040 |
706 |
|
Yellow soybean No.2 |
1100 |
0.50 |
-68.2% |
0.0% |
228 |
-8.1% |
0 |
0 |
|
Corn |
2193330 |
418.21 |
-13.7% |
3.3% |
997000 |
5.0% |
402840 |
741 |
|
Soybean meal |
1723736 |
623.02 |
-9.0% |
4.9% |
212564 |
18.5% |
34950 |
773 |
|
Soybean oil |
1152642 |
1286.34 |
-15.5% |
10.2% |
109346 |
-6.5% |
98850 |
5 |
|
LLDPE |
17708 |
12.77 |
26.2% |
0.1% |
3816 |
-27.6% |
680 |
54 |
|
Palm oil |
63532 |
66.72 |
-63.4% |
0.5% |
10490 |
2.8% |
0 |
0 |
|
Total |
20356636 |
12637.78 |
-5.3% |
100.0% |
4058662 |
0.8% |
2005405.36 |
37871 |
3. Analysis of elements influencing the market
International gold futures price slipped after rising high, while Shanghai gold futures price rose. Because the consumption in China hasn't seen remarkable increase and the American economic data were both worried and glad, international copper futures price fell after fluctuation. Shanghai copper futures price dropped. International aluminum futures price was in correction. The sufficient supply of domestic spot market led to correction of shanghai aluminum futures price. With the increase of zinc stock, international zinc futures price was down. Zinc plants resumed their production after suspension due to the Sichuan Earthquake and the domestic zinc stock was sufficient, so Shanghai zinc futures price fell down. Tokyo rubber futures price rose after fluctuation. As a result of the upcoming tapping season in domestic production areas and the decrease of exchange’s stock, Shanghai rubber futures price was up. With the weakening US dollar, the decreasing crude oil stock, and the market’s concern that the increasingly global demand may lead to further shortage of distillate oil supply, international crude oil futures price inched down after consecutive rise. Shanghai fuel oil futures price rose. Dalian soybean No.1 futures price was in correction. Dalian soybean meal rose steadily. Dalian soybean oil futures price bounced back from the lowest level. Since the Sichuan earthquake might cause drastic cut of corn feed demand, and the newly-harvested wheat might substitute the corn, Dalian corn futures price was down after fluctuation. Dalian LLDPE futures price soared from the bottom low. Dalian palm oil futures price fluctuated greatly. Zhengzhou wheat futures price slumped, with cotton futures price rising and sugar futures price falling after fluctuation. Zhengzhou PTA futures price rose after fluctuation while rapeseed oil futures price was in correction at a low level.
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