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China's futures market trading grows in July

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      China

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      China's futures market trading grows in July

      2024-08-05 16:09 Last Updated At:23:57

      China's futures market registered a 23.94 percent month-on-month growth in trading transactions in July, the China Futures Association said on Monday.

      A total of 711 million lots of the futures trading were made last month, with a total turnover of 52.42 trillion yuan (about 7.34 trillion U.S. dollars), up 23.94 percent and 16.43 percent month on month, respectively.

      In July, non-ferrous metal futures, precious metal futures, ferrous metal futures and new energy metal futures witnessed a large rebound, of which lead and lithium carbonate futures trading volumes for battery production had double-digit growth.

      The lithium carbonate futures trading last month stood at over 3.96 million lots, with a turnover of 355.95 billion yuan (about 49.86 billion U.S. dollars), up 13.34 percent and 5.17 percent month on month, respectively.

      It shows that China's new energy battery enterprises have strengthened price risk management and hedging efforts.

      The oils and fats sector became more active, indicating that related stock traders have increased their hedging efforts this year, providing risk management assurance for the recovery of China's catering services, breeding industry, and oil pressing industry.

      The industrial silicon futures market, which mainly serves the silicon energy industry, has steadily expanded in size.

      In July, the trading of industrial silicon futures was over 10.57 million lots, with a turnover of 578.15 billion yuan (about 81 billion U.S. dollars), up 345.7 percent and 260 percent year on year, respectively.

      As of the end of July, a total of 133 futures and options products had been listed for trading in China's futures market.

      China's futures market trading grows in July

      China's futures market trading grows in July

      China's futures market trading grows in July

      China's futures market trading grows in July

      Next Article

      Representatives to UN hope for smooth implementation of Gaza ceasefire agreement

      2025-01-21 13:27 Last Updated At:13:37

      Representatives of many countries to the United States have expressed the hope for a full implementation of the Israel-Hamas ceasefire agreement.

      The agreement, brokered by Qatar, Egypt and the United States, came into effect in Gaza on Sunday. The three-phase agreement is aimed at a "permanent ceasefire between the parties", according to the mediators.

      At a UN Security Council meeting held on Monday, Secretary-General Antonio Guterres praised the conclusion of the agreement between Palestine and Israel of the ceasefire and the exchange of detained persons, but stressed that efforts are still needed to ensure a comprehensive ceasefire, release all detained persons and increase humanitarian assistance.

      Varsen Aghabekian, state minister for foreign affairs and expatriates of Palestine, said in her speech that the Palestinian side hopes the ceasefire agreement could be implemented and that the Palestinian government is ready to resume management in Gaza.

      "We confirm that the Palestinian Government is ready to work with friendly brotherly countries and organizations to assume responsibility for the administration of the Gaza Strip and the West Bank, including restoring basic health, education, water and electricity services, ensuring the return of displaced persons to their homes, and preparing for the reconstruction phase," she said.

      Right before the meeting, several representatives to the United Nations spoke to China Media Group (CMG) and what they said the most was hoping that the implementation of the agreement could hold all the way through.

      "It would be good if it holds," said Vasily Alekseyevich Nebenzya, permanent representative of Russia to the United Nations.

      "We welcome it so far. We hope it holds and we hope that the next steps will be taken," said Munir Akram, a Pakistani diplomat currently serving for the second time as the permanent representative of Pakistan to the UN.

      "We had supported the deal some time ago," said Carolyn Rodrigues-Birkett, permanent representative of Guyana to the UN.

      Representatives to UN hope for smooth implementation of Gaza ceasefire agreement

      Representatives to UN hope for smooth implementation of Gaza ceasefire agreement

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