Published On: Sun, Dec 11th, 2011

TOCOM November 2011 Statistics

TOCOM November Average Daily Volume Down 7.7% from October.

Tokyo Commodity Exchange (TOCOM) announced December 9 that November 2011 trading volume averaged 118,776 contracts per day, down 7.7% from October 2011 with the year over year volume down 14.0%. There were increases in average daily volume for Rubber (up 21.8% to 11,637 contracts) and Gold Mini (up 17.4% to 5,795 contracts). However, other listed products were down, including Platinum (down 27.8% to 13,392 contracts) and Crude Oil (down 21.8% to 5,795 contracts).

The decreases can be attributed to concerns of market participants that the escalating European financial crisis could prolong global financial market troubles, which has slowed trading. In addition, trade slowed due to the Thanksgiving holiday in the U.S. Beyond the financial markets, equity volume is also slowing as a result of the financial crisis.

Open interest at the end of November for all listed commodities totaled 353,639 contracts, an increase of 16,247 contracts from the end of October 2011.

Gold – 1,149,388
Gold Mini – 333,759
Silver – 10,243
Platinum – 267,845
Platinum Mini – 28,587
Palladium – 5,334
Crude Oil – 115,893
Gasoline – 158,623
Kerosene – 61,744
Rubber – 232,746
Total – 2,375,514

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