div class="entry-content" itemprop="articleBody">
TOKYO--(BUSINESS WIRE)--Tokyo Commodity Exchange (TOCOM) announced today that January 2012
trading volume averaged 107,744 contracts per day, down 4.2% from
December 2011. There was a notable increase in Rubber (up 26.2% to 9,488
contracts) and Platinum (up 6.4% to 12,919 contracts), but the volume of
Gold, which is the most traded commodity at TOCOM and some of the other
products decreased (Gold Standard, down 7% to 54,095 contracts, Gold
Mini down 20.4% to 12,259 contracts).
The decreases may be largely attributed to the European debt crisis,
which resulted in the financial turmoil spreading globally and in
markets to stagnate. The Chinese New Year in the midst of the month also
may have slowed trading on TOCOM.
Significant hike in oil price was anticipated amid growing tension
around Iran, but the volatility of the TOCOM Crude Oil market (back
contract month) remained moderate, ranging from 51,000 yen to 53,000 yen
per kiloliter. Gold prices (back contract month/settlement price)
increased by 8.2% from the beginning of this year reflecting a
re-evaluation of gold as a "safe asset" and the maintaining of zero
interest policy at the FRB.
Open interest at the end of December for all listed commodities totaled
330,030 contracts, an increase of 6,229 contracts from the end of the
previous month.
Full summary of January 2012 activities at TOCOM (including news items)
is available here.
|
??
|
|
TOCOM ??? Trading Volume Breakdown (Main products)
|
|
??
|
??
|
Monthly Trading Volume
|
??
|
Average Daily Volume
|
|
Contract
|
|
Jan. '12
|
??
|
Dec. '11
|
|
Jan. '12
|
??
|
Dec. '11
|
??
|
month-to-month
change
|
??
|
year-to-year
change
|
|
Gold
|
|
1,027,800
|
|
1,221,171
|
|
58,151
|
|
58,151
|
|
-7.0%
|
|
1.6%
|
|
Gold Mini
|
|
232,923
|
|
323,550
|
|
15,407
|
|
15,407
|
|
-20.4%
|
|
4.2%
|
|
Platinum
|
|
245,469
|
|
255,059
|
|
12,146
|
|
12,146
|
|
6.4%
|
|
-19.4%
|
|
Platinum Mini
|
|
21,425
|
|
25,298
|
|
1,205
|
|
1,205
|
|
-6.4%
|
|
16.3%
|
|
Crude Oil
|
|
92,483
|
|
108,993
|
|
5,190
|
|
5,190
|
|
-6.2%
|
|
33.6%
|
|
Gasoline
|
|
162,923
|
|
167,441
|
|
7,973
|
|
7,973
|
|
7.5%
|
|
12.9%
|
|
Kerosene
|
|
59,891
|
|
75,509
|
|
3,596
|
|
3,596
|
|
-12.3%
|
|
-33.0%
|
|
Gas Oil
|
|
714
|
|
801
|
|
38
|
|
38
|
|
-1.5%
|
|
-45.6%
|
|
Rubber
|
|
180,265
|
|
157,911
|
|
7,520
|
|
7,520
|
|
26.2%
|
|
-50.5%
|
|
Total
|
??
|
2,047,132
|
??
|
2,362,332
|
??
|
112,492
|
??
|
112,492
|
??
|
-4.2%
|
??
|
-10.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
??
|
About Tokyo Commodity Exchange (TOCOM)
Tokyo Commodity Exchange, Inc. (TOCOM) is Japan's largest commodity
futures exchange with a trading volume of 31.6 million contracts,
representing nearly 90% market share, in 2011, and one of the most
prominent exchanges in Asia. Futures and Options contracts on a variety
of industrial products such as gold, platinum (precious metals market),
crude oil, gasoline, kerosene gas oil (oil market), RSSE3 (rubber
market) are traded electronically. TOCOM was established in 1984 as a
result of a merger between Tokyo Textile Exchange, Tokyo Rubber Exchange
and Tokyo Gold Exchange.
TOCOM's recent achievements include launching a new trading platform
based on the Nasdaq OMX technology and extending the night session until
4:00 JST. www.tocom.or.jp/