Dept. of Futures Supervision No.22 (Total No.394) June 13, 2008
1. Trading in futures exchanges
|
Exchanges |
Volume
(lot) |
Change
(%) |
Percentage (%) |
Turnover
(100 million) |
Change
(%) |
Percentage (%) |
Position
(lot) |
Change
(%) |
|
Shanghai Futures Exchange |
4280030 |
-21.1% |
24.0% |
5330.87 |
-19.8% |
46.7% |
735774 |
4.0% |
|
Zhengzhou Commodity Exchange |
5651696 |
-12.1% |
31.7% |
2185.17 |
-11.4% |
19.2% |
1360800 |
-1.9% |
|
Dalian Commodity Exchange |
7906246 |
22.3% |
44.3% |
3891.68 |
27.3% |
34.1% |
1971432 |
-0.9% |
|
Total |
17837972 |
-2.6% |
100.0% |
11407.72721 |
-6.3% |
100.0% |
4068006 |
-0.4% |
2. Trading of commodities futures
|
Type |
Volume
(lot) |
Turnover
(100 million) |
Change
(%) |
Percentage
(%) |
Position
(lot) |
Change
(%) |
Stock
(ton) |
Monthly settlement (lot) |
|
Copper |
374408 |
1123.81 |
-23.2% |
9.9% |
166838 |
5.4% |
33992 |
3270 |
|
Aluminum |
155808 |
147.95 |
18.1% |
1.3% |
148068 |
-3.5% |
183393 |
6500 |
|
Zinc |
904606 |
720.55 |
-22.1% |
6.3% |
190458 |
-2.6% |
68267 |
395 |
|
Gold |
68102 |
133.27 |
-12.7% |
1.2% |
32422 |
2.4% |
0.36 |
0 |
|
Natural rubber |
2274650 |
2949.17 |
-19.2% |
25.9% |
131604 |
8.9% |
18020 |
1527 |
|
Fuel oil |
502456 |
256.13 |
-22.9% |
2.2% |
66384 |
38.3% |
102597 |
390 |
|
Hard wheat |
4738 |
0.86 |
-23.9% |
0.0% |
13428 |
-4.2% |
400 |
134 |
|
Strong
gluten wheat |
1014028 |
211.71 |
31.6% |
1.9% |
274058 |
3.3% |
200930 |
19394 |
|
Cotton |
61788 |
45.07 |
-15.2% |
0.4% |
89870 |
0.6% |
152500 |
16672 |
|
Sugar |
3300852 |
1287.51 |
-28.9% |
11.3% |
819956 |
-8.1% |
537520 |
17120 |
|
PTA |
1040254 |
497.03 |
45.9% |
4.4% |
120636 |
30.1% |
82900 |
44912 |
|
Rapeseed oil |
230036 |
142.98 |
42.8% |
1.3% |
42852 |
29.7% |
2050 |
8150 |
|
Yellow soybean No.1 |
2445040 |
1214.49 |
11.7% |
10.6% |
662344 |
-6.7% |
47930 |
10432 |
|
Yellow soybean No.2 |
638 |
0.31 |
-3.1% |
0.0% |
192 |
1.1% |
0 |
0 |
|
Corn |
2068070 |
396.65 |
36.4% |
3.5% |
910454 |
-2.9% |
411180 |
34204 |
|
Soybean meal |
1967480 |
780.10 |
39.6% |
6.8% |
223584 |
4.8% |
34770 |
31 |
|
Soybean oil |
863824 |
1031.61 |
32.7% |
9.0% |
143464 |
45.9% |
94100 |
7530 |
|
LLDPE |
491766 |
393.39 |
42.7% |
3.4% |
15620 |
-20.8% |
680 |
136 |
|
Palm oil |
69428 |
75.13 |
10.4% |
0.7% |
15774 |
49.5% |
0 |
2201 |
|
Total |
17837972 |
11407.73 |
-6.3% |
100.0% |
4068006 |
-0.4% |
1971229.36 |
172998 |
3. Analysis of elements influencing the market
Affected by the expected US interest hike, raise of US dollar exchange rate and weak spot demand, international gold futures price dropped, and Shanghai gold futures price slipped. Because US dollar exchange rate inched up after dropping and China’s copper import volume continued to decline in May, international copper futures price fell after increase. Shanghai copper futures price dropped. As a result of the increased aluminum-smelting cost due to domestic energy supply shortage, Shanghai aluminum futures price rose after fluctuation. Shanghai zinc futures price fell. The insufficient supply of domestic spot market led to increase of Shanghai rubber futures price. Because of the possible conflicts between Israel and Iran, supply worries and declining US dollar exchange rate, international crude oil futures price skyrocketed. With the rise of domestic coal price and the brewed climb of electricity price, Shanghai fuel oil futures price rose. Dalian soybean No.1 futures price inched down after surge. Dalian soybean meal futures price fell back at the closing after consecutive climb. Dalian soybean oil futures price was up after fluctuation. On account of the stability of spot supply and demand and China’s macro-control policies, Dalian corn futures price fluctuated in a narrow range. Dalian LLDPE futures price soared. Dalian palm oil futures price saw a consecutive increase. Zhengzhou wheat futures price fell back after ascent, with cotton futures price fluctuating for consolidation and sugar futures price in narrow consolidation. Zhengzhou PTA futures price and rapeseed oil futures price rose after fluctuation. |
