The Singapore Exchange said Monday that it saw a 26.4% month-on-month fall in commodity derivative activity in May to 1,347,261 transactions in May.
The decline was led by a month-on-month drop of 445,030, or 27.3%, in metals derivatives activity to 1,185,990 trades. May was a particularly challenging month for the industrial metals complex, amid rising inventories and a rally in the US dollar index.
The sharpest fall in liquidity on a percentage basis was seen in the exchange's petrochemicals derivative activity, which fell sharply by 82.7% over May to just 126 transactions.
Following this, electricity futures activity also posted a major month-on-month decline in May, falling 69.9% to 110 trades.
No commodity segment was spared in May, as freight hedging activity conducted on SGX fell by 27.4% month on month to 53,477 transactions, rubber futures trades dipped 13.9% to 106,164, while energy contract trades dipped 7.2% (OR 7.4%) on a monthly basis to 1,394.
