On the 16th, after the main methanol futures contract 2101 opened slightly higher, the futures price oscillated higher as the short position lightened up and exited the market. At this time, the bulls took the opportunity to leave the market, and the rise in futures prices was contained and fell back. After that, the longs and shorts fell into a stalemate, the futures prices fluctuated around the settlement price of the previous trading day, the transaction was slightly light, and the intraday futures prices rose slightly.
The data of the top 20 seats on the exchange long and short rankings shows that the 2101 contract has both long and short contracts. Among them, the longs reduced their holdings by 153,893 contracts, the shorts reduced their holdings by 114,503 contracts, and the longs reduced their holdings by a large margin.
Specifically, among the top 20 seats of 2101 contract longs, 7 have increased their holdings, but the overall increase in holdings is small, concentrated within 8,000. Among the 13 seats that have reduced their holdings, there are 5 seats that have reduced their holdings by more than 10,000. Among them, the Dongzheng futures seats have been significantly reduced by nearly 80,000.
Among the top 20 short positions, there are 9 seats that have increased their holdings. The increase in holdings is small, concentrated within 7,000, and some seats are only slightly adjusted. Among the 11 seats that have reduced their holdings of empty orders, 4 have reduced their holdings by more than 10,000. Among them, the East Securities Futures' seats have been significantly reduced by 75,757.
It is worth noting that 11 of the top 20 seats in the long and short rankings of the day made long and short adjustments in the same direction. Among them, Dongzheng Futures, the top position in the long list, significantly reduced its holdings of 79,856 long orders and 75,757 short orders, reducing its net long orders to 11,226; While reducing 11,827 long orders, only 1387 short orders were reduced, and the net short orders increased to 95,266; Huatai Futures reduced its holdings of 6,446 long orders while reducing 1569 short orders, reducing the net long orders to 560; CITIC Futures seats, Everbright Futures seats, and Galaxy Futures seats have reduced their long positions on the same day than their short positions. The above data shows that this part of the seats is more pessimistic towards the market outlook.
On the contrary, Haitong futures positions reduced its holdings of 3,141 long orders on the same day and reduced its holdings of 3295 short orders, increasing its net long orders to 15,525; Xinhu futures positions reduced its holdings of 5438 long orders while reducing its holdings of 7141 short orders. The net long position increased to 5,821; the reduction of Huawen futures positions on short positions was also greater than that on long positions; the Guofu futures positions and Guotai Junan’s seats increased both long and short positions, but The increase in long positions is greater than the increase in short positions. The above data shows that these seats are more optimistic about the market outlook.
In addition, on the same day, Yide Futures reduced its holdings of 9,689 long orders and increased its holdings of 1852 short orders, reducing its net long orders to 5,991; Soochow futures positions reduced its holdings of 1,165 long orders while increasing its holdings of 1406 short orders. , The net long order was reduced to 3654. The above data shows that these seats are more pessimistic about the market outlook. On the contrary, the GF Futures seat increased its holdings of 750 long orders while reducing its holdings of 506 short orders, and the net long order increased to 2,740, indicating that the seat is more optimistic about the market outlook.
By observing the movement of the main positions, the author found that although the top 20 positions of the long and short positions had a large reduction in the positions of the long positions, from the perspective of the adjustment direction and intensity of the positions of the main positions, the long and short positions are difficult to distinguish.
Source: Chemical Network
