【Dot Commodity Weekly Market Review Jan 10-13】商品先物取引のドットコモディティ

海外マーケットの市況情報Weekly Market Review|2012/1/17/ 10:28投稿

Dot Commodity Weekly Market Review Jan 10-13


TOCOM Gold

TOCOM gold futures prices rose slightly last week with the most active forward contract gaining 24 yen per gram. The forward contract closed the holiday shortened week at 4071 yen after reaching a weekly high of 4109 yen during Friday’s trading. TOCOM gold futures prices gained last week as the U.S. dollar spot price of gold rose to a one-month high on news of strong physical demand by China as imports of gold surged according to trade data. The spot price of gold priced in USD also climbed back above its 200 day moving average last week which for some technical analysts is a very important indicator of the direction of price movements. Prices were higher in Tokyo despite the yen strengthening against the U.S. dollar last week. The U.S. Mint also reported strong sales of both gold and silver coins for the first week in January. Some analysts at major banks are bullish on gold prices for 2012 and some are predicting gold will make a run at the $2,000 level. Trading volume on TOCOM was mixed with volume topping the 100,000 mark last Wednesday. Open interest was little changed last week.

TOCOM Gold Daily Chart – Forward Contract (as of Jan 16)

 

TOCOM Gold Forward Contract Weekly Trading Data

Date

Open

High

Low

Close

Change

Volume

Open Interest

Jan 13

4083

4109

4045

4071

-8

87482

123444

Jan 12

4071

4083

4051

4079

18

40685

126729

Jan 11

4003

4061

4001

4061

49

106289

129255

Jan 10

4029

4050

3989

4012

-35

46646

124788

 

TOCOM Platinum

TOCOM platinum futures prices recovered some last week after their steep fall the previous week. The most actively traded forward contract rose by 157 yen per gram or about 4.4%. The forward contract closed the week at 3691 yen per gram after hitting a weekly high of 3744 yen during Friday’s trading. Recent reports that economic activity has been slowing in many places around the globe including Europe and China has weighed on platinum group metal (PGM) prices in recent weeks. Therefore, many analysts are predicting that prices of platinum will stay fairly steady with current prices in the early part of 2012 but some are also predicting that platinum prices will take off later this year. How the sovereign debt crisis plays out in Europe will most likely play a large role in the direction of PGM prices this year. In physical market news, there were reports last week that jewelers in China are well stocked with platinum now before the New Year holiday starts there at the end of January. Trading volume was moderate and open interest fell by around 2,000 contracts to stand at 44,195 as of last Friday.

TOCOM Platinum Daily Chart – Forward Contract (Jan 16)

 

TOCOM Platinum Forward Contract Weekly Trading Data

Date

Open

High

Low

Close

Change

Volume

Open Interest

Jan   13

3735

3744

3646

3691

-36

15007

44195

Jan 12

3681

3734

3663

3727

54

14695

44354

Jan 11

3555

3687

3551

3673

111

21381

45631

Jan 10

3529

3566

3482

3562

28

11659

47259

 

TOCOM Rubber

TOCOM rubber futures prices fared better than precious metals last week as the benchmark forward contract gained 3.3% or 8.9 yen per kilogram. The forward contract closed last Friday’s day trading session at 277.0 yen after hitting a weekly high of 282 yen earlier in Friday’s trading. Prices had fallen the previous week on slowing demand from China and expectations by the market that this year will show a surplus of natural rubber where there was a deficit in 2011. Persistent worries about the sovereign debt issue in Europe affecting demand for rubber and higher rubber stock levels in China which recently hit a 10 month high have both recently cast a pall over the market recently. However, prices moved higher last week inTokyo on news that Thailand had agreed to buy natural rubber at above-market prices to help support farmers and some market sentiment that rubber had been oversold. Adding additional support to prices is the coming of the dry or “wintering” season in the rubber producing areas in SE Asia which will limit production in the coming months. Trading volume was fairly quiet and open interest rose by about 2,000 contracts to stand at 26,999 open contracts as of last Friday.

TOCOM Rubber Daily Chart – Forward Contract (Jan 16)

 

TOCOM Rubber Forward Contract Weekly Trading Data

Date

Open

High

Low

Close

Change

Volume

Open Interest

Jan 13

279.6

282.0

275.8

277.0

-3.2

5568

26999

Jan 12

278.1

280.9

276.3

280.2

3.5

6800

26415

Jan 11

273.0

277.0

271.7

276.7

3.7

8244

26106

Jan 10

268.1

273.0

266.6

273.0

4.9

7523

25431

 

 

Exchange and Industry News

TOCOM Trading Volume and News December 2011

Click on the link below for the TOCOM news release.

http://www.tocom.or.jp/data/geppou/gaikyo201112_e.pdf

 

TGE Monthly Trading Report December 2011

Click on the link below for the TGE news release.

http://www.tge.or.jp/english/whats/news/pdf/gyoumu/E20120105report.pdf

 

Disclaimer:

This market review and news report contains information and data from sources believed to be reliable and accurate as of the date of publication but has not been independently verified. This report is for informational purposes only and no employee, director or connected person to Dot Commodity, Inc. takes any responsibility for the information or correctness of the content contained in the report. Dot Commodity, Inc. is strictly an online commodity futures broker and does not give any trading recommendations or financial advice to any of its clients, perspective clients or readers of this report. No part of this market review & news report is to be construed as an offer or solicitation to buy or sell any commodity futures or financial contract or product of any kind.


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