2025年期市成交规模创新高 2026年将更上一层楼

Core Insights - The Chinese futures market experienced significant growth in 2025, with total trading volume reaching 90.74 billion contracts and total trading value at 766.25 trillion yuan, marking year-on-year increases of 17.4% and 23.74% respectively [1][2][11] Group 1: Market Performance - In December 2025, the national futures market recorded a trading volume of 9.51 billion contracts and a trading value of 90.81 trillion yuan, representing substantial year-on-year growth of 45.17% and 58.55% [1][11] - The trading volume in December 2025 increased by 23.55% compared to November, while the trading value surged by 36.32% [1][11] - The total open interest at the end of December 2025 was 45.24 million contracts, showing a month-on-month decline of 16.3% but a year-on-year increase of 13.7% [1][11] Group 2: Key Growth Drivers - The financial futures and options sector saw a remarkable year-on-year increase in trading volume and value of 94% and 33.66%, respectively, with volumes exceeding 300 million contracts and values surpassing 255 trillion yuan [2][11] - The non-ferrous metals and new energy metals sector experienced a trading volume increase of 64.11% and a value increase of 30.38%, with volumes exceeding 1 billion contracts and values surpassing 93 trillion yuan [4][12] - The precious metals sector, driven by new price highs for gold and silver futures, saw trading volume and value grow by 15.51% and 81.97%, respectively, with volumes exceeding 600 million contracts and values surpassing 146 trillion yuan [5][15] - The energy and chemical sectors exhibited strong trading activity, with energy trading volume increasing by 64.1% and value by 28.5%, while the chemical sector saw volume growth of 27.5% and value growth of 16.1% [9][16] - The black metals and building materials sector benefited from favorable policies, with overall trading volume increasing by nearly 11.2% [9][16] Group 3: Future Outlook - Projections for 2026 indicate that the national futures market is expected to continue its upward trend, with trading volume anticipated to reach between 95 billion and 100 billion contracts and trading value expected to exceed 800 trillion yuan [9][16]