|
2008 Futures Market Weekly Report No.28 (Total No.400) | |
| Dept. of Futures Supervision |
No.28 (Total No.400) |
July 25, 2008 |
| 1. Trading in futures exchanges |
| Exchanges |
Volume |
Change |
Percentage (%) |
Turnover |
Change |
Percentage (%) |
Position |
Change |
| (lot) |
(%) |
(100 million) |
(%) |
(lot) |
(%) |
| Shanghai Futures Exchange |
5096714 |
5.00% |
19.00% |
5902.94 |
6.60% |
39.80% |
767700 |
-0.80% |
| Zhengzhou Commodity Exchange |
9843222 |
61.10% |
36.70% |
3357.35 |
55.00% |
22.60% |
1399718 |
3.90% |
| Dalian Commodity Exchange |
11911676 |
24.30% |
44.40% |
5567.18 |
26.70% |
37.50% |
1773558 |
-1.60% |
| Total |
26851612 |
30.70% |
100.00% |
14827.48 |
22.60% |
100.00% |
3940976 |
0.40% |
| 2. Trading of commodities futures |
| Type |
Volume |
Turnover |
Change |
Percentage |
Position |
Change |
Stock |
Monthly Settlement (lot) |
| (lot) |
(100 million) |
(%) |
(%) |
(lot) |
(%) |
(ton) |
| Copper |
274362 |
848.15 |
29.60% |
5.70% |
141422 |
9.30% |
41090 |
2645 |
| Aluminum |
157610 |
150.85 |
-47.30% |
1.00% |
151368 |
-7.20% |
188439 |
5000 |
| Zinc |
865024 |
663.71 |
-20.00% |
4.50% |
188538 |
1.80% |
71760 |
655 |
| Gold |
85712 |
178.15 |
3.20% |
1.20% |
29038 |
-13.10% |
0.08 |
114 |
| Natural rubber |
2776510 |
3562.61 |
14.10% |
24.00% |
190594 |
3.20% |
22145 |
1886 |
| Fuel oil |
937496 |
499.46 |
6.10% |
3.40% |
66740 |
-14.70% |
149294 |
920 |
| Hard wheat |
6932 |
1.28 |
19.20% |
0.00% |
16578 |
-0.20% |
270 |
134 |
| Strong gluten wheat |
1172038 |
251.09 |
-10.70% |
1.70% |
291380 |
-6.20% |
182900 |
19394 |
| Cotton |
84034 |
60.42 |
-37.20% |
0.40% |
48536 |
-10.80% |
63360 |
16672 |
| Sugar |
7631690 |
2594.64 |
99.30% |
17.50% |
865942 |
8.50% |
424850 |
17120 |
| PTA |
829488 |
382.42 |
-16.50% |
2.60% |
128072 |
4.10% |
49915 |
4740 |
| Rapeseed oil |
119040 |
67.51 |
148.20% |
0.50% |
49210 |
9.90% |
2065 |
8150 |
| Yellow soybean No.1 |
4631564 |
2131.28 |
43.30% |
14.40% |
700122 |
-1.30% |
56100 |
53850 |
| Yellow soybean No.2 |
1308 |
0.61 |
52.50% |
0.00% |
138 |
-13.80% |
0 |
0 |
| Corn |
1406928 |
267.11 |
-22.40% |
1.80% |
662646 |
1.30% |
417130 |
435730 |
| Soybean meal |
4328180 |
1633.61 |
10.20% |
11.00% |
247834 |
-12.00% |
34780 |
34780 |
| Soybean oil |
1262266 |
1317.63 |
64.90% |
8.90% |
128234 |
4.00% |
81000 |
81500 |
| LLDPE |
192282 |
134.86 |
-30.10% |
0.90% |
21138 |
25.50% |
680 |
680 |
| Palm oil |
89148 |
82.08 |
-5.20% |
0.60% |
13446 |
-23.00% |
0 |
0 |
| Total |
26851612 |
14827.46 |
22.60% |
100.00% |
3940976 |
0.40% |
1785778 |
683970 |
| 3. Analysis of elements influencing the market |
| Affected by factors including the raise of US dollar exchange rate after falling, international gold futures price rolled back after surging. Shanghai gold futures price slid after soaring. With the continuous increase of global copper stock and the decline of American and German economy, international copper futures price decreased. As the domestic copper consumption was low, Shanghai copper futures price declined. The continuous increase of output and stock of global aluminum resulted in the decrease of international aluminum futures price. The little changed over-supply resulted in the decline of Shanghai aluminum futures price. Influenced by China’s declining export in the first-half year and the rumor of cancelling the export drawback of No.0 zinc, international zinc futures price inched up. With the increase of output and import volume of domestic refined zinc, Shanghai zinc futures price fell. Due to better weather in major rubber-production countries and the increase of stock supply, Shanghai rubber futures price dropped. The surge of the stock of American gas and distillate oil, international crude oil futures price slipped. Shanghai fuel oil futures price dropped. Zhengzhou wheat futures price fell, cotton futures price sank, sugar futures price rose after falling, PTA futures price declined after fluctuation and rapeseed oil futures price decreased after fluctuation. Dalian soybean No.1 futures price rolled back after diving, Dalian soybean meal futures price dropped after gapped opening down and Dalian soybean oil futures price stabilized after sinking. Affected by the corn output increase of new quarter issued by National Grain & Oil Trade Center, Dalian corn futures price rallied after opening down, Dalian LLDPE futures price declined after fluctuation and Dalian palm oil futures price rallied after continuous decline. | |
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