我国期货市场1月份成交量成交额“双增”

Core Insights - The Chinese futures market experienced a significant increase in activity in January, with trading volume reaching 912 million contracts and turnover hitting 100.26 trillion yuan, representing year-on-year growth of 65.09% and 105.14% respectively [1][2] - The total funds in the futures market grew by over 400 billion yuan, reaching a historical high of 2.57 trillion yuan by the end of January, with client equity increasing to approximately 2.39 trillion yuan, a 19% rise compared to the end of 2025 [1][5] Trading Volume and Turnover - In January, the trading volume across various exchanges showed substantial growth: Shanghai Futures Exchange (SHFE) at 307.67 million contracts (up 102.40%), Dalian Commodity Exchange (DCE) at 234.35 million contracts (up 43.61%), and Zhengzhou Commodity Exchange (ZCE) at 287.79 million contracts (up 53.56%) [2] - The turnover also saw impressive increases, with SHFE at 51.96 trillion yuan (up 278.92%) and ZCE at 7.75 trillion yuan (up 14.73%) [2] Commodity Performance - The top traded commodities by turnover included silver, gold, and copper on SHFE, while ZCE saw high activity in PTA, cotton, and caustic soda [3] - By volume, the leading commodities were silver, nickel, and fuel oil on SHFE, with PTA, glass, and methanol on ZCE [3] Market Drivers - The increase in trading volume and turnover is attributed to the internationalization of futures products and the growing asset allocation value, particularly in precious and non-ferrous metals [4] - The demand for hedging against price risks due to global commodity price fluctuations has also contributed to the increased use of futures tools by enterprises [4] Fund Growth and Market Participation - The total funds in the futures market rose to approximately 2.57 trillion yuan by the end of January, marking a 20% increase from the end of 2025, while client equity reached 2.39 trillion yuan, up 19% [5] - The number of new futures clients increased significantly, with 940,000 new accounts opened in 2025, reflecting a strong interest from various market participants [5][6] Market Structure and Development - The futures market is witnessing a steady expansion in client base and structural optimization, with the total number of effective clients reaching 2.78 million, an 11% increase year-on-year [6] - The continuous high-quality development of the futures market is evident, with improved service to the real economy and a robust trading environment [6]