7月国内期市成交量突破10亿手

Core Insights - The futures market in China experienced significant growth in July, with trading volume reaching 1.059 billion contracts and trading value at 7.131 trillion yuan, marking year-on-year increases of 48.89% and 36.03% respectively [1] - Cumulative trading volume for the first seven months of the year was 5.135 billion contracts, with a total trading value of 41.104 trillion yuan, both showing year-on-year growth of approximately 23% [1] - The total open interest in the futures market at the end of July increased by 3.98% compared to the previous month [1] Trading Performance by Exchange - Shanghai Futures Exchange (SHFE) saw a year-on-year increase in trading volume and value of 13.23% and 2.19% respectively [1] - Dalian Commodity Exchange (DCE) reported a trading volume and value increase of 33.24% and 33.18% respectively [1] - Zhengzhou Commodity Exchange (ZCE) experienced a significant rise in trading volume and value, with increases of 58.46% and 23.26% respectively [1] - The China Financial Futures Exchange (CFFEX) had a notable increase in trading volume and value of 35.11% and 64.79% respectively [1] - Guangxi Futures Exchange (GFE) reported extraordinary growth, with trading volume and value increasing by 513.26% and 597.73% respectively [1] Leading Products by Trading Volume and Value - The top three products by trading volume on SHFE were rebar futures, silver futures, and hot-rolled coil futures [2] - ZCE's leading products included glass futures, soda ash futures, and PTA futures [2] - DCE's top products were coking coal futures, soybean meal futures, and PVC futures [2] - CFFEX's leading products by trading value were CSI 1000 index futures, 30-year treasury bond futures, and CSI 300 index futures [2] Market Trends and Future Outlook - The overall activity in the futures market increased in July, providing strong support for financial market stability and economic development [2] - Significant growth was observed in various sectors, particularly in black metals and building materials, which saw trading volume increase by 97.6% and trading value by 94.6% month-on-month [2] - Analysts expect continued high trading activity in August, with projected trading volume between 900 million to 1 billion contracts and trading value around 6 trillion yuan [3] - The "anti-involution" policy and expectations of a Federal Reserve rate cut in September are anticipated to be key factors influencing commodity prices [3]