The Tokyo Commodity Exchange (TOCOM) announced today that June 2012 trading volume averaged 96,725 contracts per day, down 7.2% from May 2012.
The leading contracts at TOCOM saw monthovermonth declines that outweighed increases in energy contracts and led to an overall decrease in volume; Gold Standard was down 12.1% to 42,588 contracts, Gold Mini was down 14.3% to 12,329 contracts and Rubber was down 9.3% to 8,965 contracts, while Crude Oil was up 6% to 5,457 contracts and Kerosene was up 14.3% to 3,043 contracts.
Persisting fears related to the eurozone crisis and the global economic downturn discouraged market participants from making aggressive transactions and avoid risks related market volatility. Under such circumstances, price volatility fell, which may have slowed trading.
Open interest at the end of June for all listed contracts totaled 327,039, a decrease of 13,580 (3.99%) from the prior month.
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