期货市场去年全年成交量突破90亿手

Core Insights - The Chinese futures market is projected to see significant growth in trading volume and value by December 2025, driven by increased hedging demand from real enterprises, new product offerings, and market optimization [1][2] Group 1: Market Performance - By December 2025, the national futures market is expected to reach a trading volume of 9.51 billion contracts and a trading value of 90.81 trillion yuan, representing year-on-year increases of 45.17% and 58.55% respectively [1] - The total trading volume for the year is anticipated to exceed 90 billion contracts, reaching 90.74 billion contracts, with a cumulative trading value of 766.25 trillion yuan, reflecting year-on-year growth of 17.4% and 23.74% [1] Group 2: Drivers of Growth - The growth in the futures market is attributed to three main drivers: the upgrade of hedging from an optional strategy to a strategic necessity for enterprises amid international economic fluctuations, the introduction of new products and innovative service models aligned with industry needs, and an optimized market ecosystem attracting long-term institutional investments [1][2] - The global macroeconomic uncertainty has heightened the hedging demand from real enterprises, while the continuous improvement of the futures market has solidified its growth foundation [2] Group 3: Product Development - In 2025, 18 new futures and options products were introduced, covering critical sectors such as non-ferrous metals, energy chemicals, and new energy metals, thereby enriching the product system and effectively meeting diverse market demands [2] - The trading volume of options has seen significant year-on-year increases, with the trading volume of tin options rising by 2534.43%, nickel options by 1174.35%, and alumina options by 511.93%, with over 20 options products experiencing growth exceeding 100% [2] Group 4: Market Dynamics - The characteristics of options tools are highly compatible with current market risk features, and the increasing professionalism of traders, including more industrial clients and institutional investors, has led to a rise in the use of risk management tools [3] - The continuous improvement of market infrastructure, such as the maturation of the market maker system and the diversification of product offerings, has supported market growth [3] Group 5: Future Outlook - Industry experts maintain an optimistic outlook for the futures market in 2026, anticipating a steady expansion of capital volume and further diversification of products to better meet the risk management needs of industrial clients [3] - As various clients engage more deeply in futures trading, futures companies are expected to enhance their focus on research capabilities, while advancements in technology and AI will significantly improve research efficiency [3]