TOCOM February 2014 Volume Up 9.3%
Gold saw steady price increases in February as the global economic and political environment prompted market participants to look for a safe-haven. Major world economic indicators such as U.S. employment statistics were soft and emerging economies remained stagnant. The market also reacted to geopolitical risk in Ukraine. Gold deliveries were active with 2,389 February 2014 contracts following the previous 2,563 December 2013 contracts delivered. This is the first time since October 2007 that delivery volume has exceeded 2,000 contracts in two consecutive months.
Rubber prices were volatile in February, climbing along with crude oil and the Shanghai market in the first half of the month, and then declining in the second half with a slowdown in Chinese economy and Shanghai market. Such volatility pushed up volume. Open interest at the end of February 2014 for all listed products totaled 268,810 contracts,a decrease of 21,697 contracts (-7.47%) from the end of January 2014.
For a full list of Asia Exchange derivatives volume click HERE.