China’s futures market experienced robust growth in January, with trading turnover showing a double-digit year-on-year increase, official data revealed Wednesday.
According to the China Futures Association, total trading turnover surged 11.01% from the previous year, reaching 48.87 trillion yuan (approximately 6.81 trillion U.S. dollars). The market’s trading volume also saw a slight uptick, rising by 0.09% to 553 million lots.
Key commodities driving this growth included gold, silver, and crude oil at the Shanghai Futures Exchange, while the Zhengzhou Commodity Exchange saw significant activity in caustic soda, rapeseed oil, and rapeseed meal. The Dalian Commodity Exchange saw high trading volumes in palm oil, soybean meal, and soybean oil. The Guangzhou Futures Exchange led with industrial silicon, lithium carbonate, and polycrystalline silicon.
The data highlights a strong performance in the bulk commodity sector, reinforcing positive market sentiment for the start of the year.