China's futures market saw brisk trading with turnover and volume both up last month, according to data released by the China Futures Association on Monday.
Trading turnover reached 70.18 trillion yuan (about 9.70 trillion U.S. dollars) in April, 23.69 percent higher than in April 2024, according to the data.
Trading volume stood at nearly 809 million lots last month, up 21.49 percent from a year ago, the data showed.
In terms of trading turnover, the top three futures were gold, silver and crude oil at the Shanghai Futures Exchange.
Trading volume in precious metals futures rose sharply in April, as a hedge against uncertainty around U.S. tariff policies, with gold and silver futures increasing by 101.36 percent and 36.66 percent respectively month on month.
Investors have also turned to non-ferrous metals futures, driving up copper and zinc futures' trading volumes by about 20 percent on a monthly basis.
The U.S. tariff policies, which triggered concerns about export demand for new energy products, also drove growth in green products and agricultural products futures, with trading volumes in polysilicon and industrial silicon futures up by 517.34 percent and 47.03 percent month on month respectively.
Trading volumes in futures of agricultural products which are largely imported, such as soybeans and corn, increased in a range between 11 percent to 38 percent month on month.
In April, despite sharp falls in global stock market and hits to international trade from weakening global manufacturing activities and the U.S. tariff policies, China adopted a combination of macroeconomic measures and industrial policies to stabilize its economy and stock market.
Trading volumes of CSI 300, SSE 50, CSI 500 and CSI 1000 stock index futures increased by 28.23 percent, 14.06 percent, 17.27 percent and 69.88 percent respectively compared to one year ago.
As risk aversion sentiment weighed heavily in April, trading volumes of 30-year and 2-year Treasury bonds jumped by 146 percent and 32 percent respectively, year on year.
China's futures market sees higher trading turnover, volume in April than year ago
