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Chemical futures trading volume up 28% in the first half

Volume of chemical futures up 28% in H1

source: China Chemical Industry News 2022-07-11 10:45

Data recently released by the China Futures Industry Association shows that, In the first half of the year, the cumulative trading volume of the national futures market was about 3.046 billion lots, and the cumulative turnover was about 257.48 trillion yuan, down 18.04% and 10.08% respectively. However, the trading volume of the chemical sector and the financial futures sector increased by 28 percent and 13 percent year-on-year, respectively.

Wang Jun, president of the Founder Mid-term Futures Research Institute, said that in the first half of this year, the four major sectors with large volume declines are energy, precious metals, soft commodities and non-ferrous metals, down 53%, 43%, 37% and 36% respectively. "But at the same time, we should also see that in the first half of the year, the volume of China's futures market showed a stable trend. Among them, the trading volume of the chemical and financial futures sectors increased by 28 percent and 13 percent, respectively, and that of the chemical and oil and oil sectors increased by 33 percent and 13 percent, respectively." Wang Jun said.

From the price performance of varieties, Wang Jun said that it is expected that with the gradual recovery of China's economy, in the case of demand recovery, the fundamentals of many commodities will be improved. In the first half of this year, the overall commodity market rose more and fell less. Among them, low-sulfur fuel oil, crude oil, high-sulfur fuel oil, petroleum, asphalt, PTA, thermal coal, soda ash and other varieties rose the most.

Disclaimer: This article is from other media and does not represent the views and positions of this website.


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