China May commodity futures trade volume up 60 percent on-year

China's commodity futures trading volume rose 60.3 percent on year in May to 137.74 million lots, the China Futures Association said over the weekend.

But the volume was down 20.3 percent from April, it said.

On the Shanghai Futures Exchange, where copper, aluminum, zinc, gold, natural rubber and fuel oil futures are traded, turnover rose 231.5 percent on year to 51.18 million lots.

One lot is equivalent to five tonnes on the exchange, except for fuel oil futures, where one lot equals 10 tonnes, and gold futures, where one lot is equivalent to 1 kilogram.

Total trading volume on the Dalian Commodity Exchange, where soy, soymeal, soyoil, corn, palm oil and linear low-density polyethylene futures are traded, was up 69.2 percent on year at 67.05 million lots in May.

One lot equals 10 tonnes on the exchange, except for linear low-density polyethylene futures, where one lot equals five tonnes.

On the Zhengzhou Commodity Exchange, where cotton, rapeseed oil, wheat, sugar and purified terephthalic acid futures are traded, trading volume fell 36.8 percent on year to 19.51 million lots in May.

One lot equals five tonnes on the Zhengzhou Commodity Exchange, except for wheat and sugar futures, where one lot equals 10 tonnes.