AIRLINK 63.43 Increased By ▲ 0.23 (0.36%)
BOP 5.46 Increased By ▲ 0.06 (1.11%)
CNERGY 4.68 Increased By ▲ 0.11 (2.41%)
DFML 19.02 Decreased By ▼ -0.71 (-3.6%)
DGKC 70.29 Increased By ▲ 1.29 (1.87%)
FCCL 19.12 Increased By ▲ 0.87 (4.77%)
FFBL 30.86 Increased By ▲ 1.47 (5%)
FFL 9.58 Increased By ▲ 0.27 (2.9%)
GGL 10.16 No Change ▼ 0.00 (0%)
HBL 109.20 Decreased By ▼ -0.86 (-0.78%)
HUBC 127.70 Increased By ▲ 1.69 (1.34%)
HUMNL 6.85 Increased By ▲ 0.12 (1.78%)
KEL 4.39 Decreased By ▼ -0.08 (-1.79%)
KOSM 4.43 Decreased By ▼ -0.02 (-0.45%)
MLCF 37.39 Increased By ▲ 0.79 (2.16%)
OGDC 128.50 Increased By ▲ 0.20 (0.16%)
PAEL 22.80 Decreased By ▼ -0.39 (-1.68%)
PIAA 26.50 Increased By ▲ 0.30 (1.15%)
PIBTL 6.19 Increased By ▲ 0.19 (3.17%)
PPL 112.52 Decreased By ▼ -0.28 (-0.25%)
PRL 26.85 Decreased By ▼ -0.30 (-1.1%)
PTC 16.75 Decreased By ▼ -0.34 (-1.99%)
SEARL 60.72 Decreased By ▼ -1.37 (-2.21%)
SNGP 65.35 Increased By ▲ 1.40 (2.19%)
SSGC 11.05 Increased By ▲ 0.02 (0.18%)
TELE 9.10 Decreased By ▼ -0.13 (-1.41%)
TPLP 11.28 Increased By ▲ 0.28 (2.55%)
TRG 69.85 Decreased By ▼ -1.10 (-1.55%)
UNITY 23.65 Decreased By ▼ -0.30 (-1.25%)
WTL 1.31 Decreased By ▼ -0.07 (-5.07%)
BR100 7,280 Increased By 64.2 (0.89%)
BR30 23,637 Increased By 105.1 (0.45%)
KSE100 70,315 Increased By 694.7 (1%)
KSE30 23,132 Increased By 221.5 (0.97%)
Markets

OSE says rubber futures' daily trading volume hits 33-year-low in June

  • The Japanese exchange's ribbed smoked sheet (RSS) futures have been a benchmark for the Asian rubber market since they were first offered in 1952.
Published July 9, 2021

TOKYO: Osaka Exchange Inc's daily trading volume of its key rubber futures has fallen to the lowest in 33 years in June, an exchange spokesperson said on Friday, partly due to reduced trade by Chinese investors.

The Japanese exchange's ribbed smoked sheet (RSS) futures have been a benchmark for the Asian rubber market since they were first offered in 1952.

The average daily trading volume in June -- monthly turnover divided by the number of working days -- for the RSS futures fell to 2,255 contracts, marking the lowest since March 1988, Kohei Iwasaki, the exchange's spokesperson said.

Japanese rubber futures drop

"We think it was due to various reasons, but we presume that one of the reasons is that Chinese investors have cut back on trading in the wake of China's move to tighten regulations," he said.

China said in May it would strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices.

In June, China announced plans to release industrial metals from its national reserves to curb commodity prices as Beijing struggled to cool a surge in metal prices this year fuelled by a post-pandemic economic recovery, ample global liquidity and speculative buying that has dented manufacturers' margins.

To boost trading volume, Osaka Exchange, which is part of Japan Exchange Group Inc, plans to consider measures to improve convenience for investors and bolster liquidity by attracting overseas investors in arbitrage trading with futures in other exchanges, such as the Shanghai Futures Exchange and the Singapore Exchange, Iwasaki said.

Comments

Comments are closed.