China Goes on $26 Trillion Commodity Binge as Shortages Seen
- Commodity futures turnover, aggregate volume rise for 5th year
- Intervention by Chinese regulators curbed trading frenzy
The Year in Commodities
This article is for subscribers only.
Chinese investors traded a record volume of commodity futures last year as speculators poured in and out of the market on bets that shortages are looming.
Combined aggregate trading volume on the Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange jumped 27 percent from 2015 levels to 4.1 billion contracts, according to data e-mailed by the China Futures Association. Turnover across the bourses rose 30 percent to a record 177.4 trillion yuan ($25.5 trillion), the data show.