Turnover on the Shanghai Futures Exchange edged up 2.63% from a year earlier to 44.6 trillion yuan [US$7.17 trillion] last year, taking up 26.06%of the country’s total. The market deals in commodities such as copper, rubber and fuel oil.

Meanwhile, the Dalian Commodity Exchange, the country’s largest futures market for agricultural goods, saw its turnover soar 97.45% from a year earlier to 33.3 trillion yuan [US$5.35 trillion]. The figure accounted for 19.47% of the country’s total.

However, turnover on the Zhengzhou Commodity Exchange plummeted 48.04% year on year to 17.3 trillion yuan [US$2.78 trillion] last year. The exchange deals in agricultural and chemical product futures.

Source: People’s Daily Online Jan 2013

Similar Posts by ChinaAg

Spread the word. Share this post!