ERJ staff report (BC)
Tokyo – March 2013 trading volume at the Tokyo Commodity Exchange (TOCOM) was down 29.9% from February at 112 673 contracts per day on average.
Daily volume fell for all listed products except rubber, where it increased by 0.5 percent.
TOCOM attributes increased trading in the first half of March to expectation of the economic recovery gaining momentum, as evidenced by the US Dow Jones Industrial Average which reached an all-time high. In the following half, however, the market stagnated with a significant drop…