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Trading volume of Zhengzhou Commodity Exchange ranks 1st in China in H1
Article Source:dahe.cn Date of Issue:2023-07-19

Zhengzhou Commodity Exchange has injected significant impetus into the high-quality development of Henan's real economy. In the first half of 2023, the trading volume of Zhengzhou Commodity Exchange expanded 64.05 percent year-on-year to 1.687 billion lots, accounting for 43.53 percent of China's total, topping other futures exchanges across China, said local authority on July 7.

It is worth noting that the trading volume of Zhengzhou Commodity Exchange jumped 67.96 percent year-on-year to 343 million lots in June, accounting for 43.43 percent of China's total. By the end of June, the open interest volume of Zhengzhou Commodity Exchange reached 20 million lots, increasing by 3.68 percent from last month.

Delivery is the link between futures and cash commodity. In the first half of the year, Zhengzhou Commodity Exchange newly established 22 delivery warehouses. So far, Zhengzhou Commodity Exchange has a total of 371 futures delivery warehouse distributing in 28 provincial-level regions in China, significantly boosting the circulation of commodities.

On January 21, the futures and options of rapeseed oil, rapeseed meal and peanut kernel, as specific domestic products introduced to overseas market, promoted the formation of an international trade model with domestic futures price as an important benchmark, enhancing the international influence of prize set by Chinese oil industry.