On the 25th, after the PP main 2101 contract opened slightly higher, the futures price steadily rose and hit a new high during the year, driven by the bull Masukura. However, the shorts took the opportunity to suppress Masukura, and future price increases were blocked. In the afternoon, the long-short competition intensified. With the increase in trading volume, the intra-day futures prices closed with an upward trend.
The data of the top 20 seats on the exchange long and short rankings shows that the 2101 contracts have both increased and short. Among them, the longs increased their holdings by 36,889 contracts, the shorts increased their holdings by 27,214 contracts, and the longs increased their holdings by a large margin.
Specifically, among the top 20 long positions in the 2101 contract, only the Dadi Futures position slightly reduced its holdings of 190 long orders, and the remaining 19 seats all increased their long positions. Among them, there are 5 seats that have increased their holdings by more than 3,000, and Huatai Futures has increased its holdings by nearly 7,000.
Among the top 20 short positions, 17 have increased their short positions. Among them, there are 3 seats with an increase of more than 3,000, but the maximum increase is not more than 5,000. Among the 3 seats that reduced their empty orders, the reduction of nearly 5000 seats in Huatai Futures was outstanding, and the reduction of the remaining seats was within 1000.
It is worth noting that the Huatai Futures seat on the same day significantly increased its holdings of 6,835 long orders while reducing its holdings of 4,825 short orders, and the positions changed from net short to net longs of 6772; Dongzheng futures seats increased its holdings of 1802 long orders and decreased while holding With 997 short orders, the net long order increased to 4063. The above data shows that these seats are more optimistic about the market outlook.
In addition, among the top 20 long-short positions on the day, 6 of them made long and short positions adjustment operations in the same direction. Among them, CITIC Futures increased its holdings by 4310 long orders and at the same time increased its holdings by 2116 short orders, and increased its net long orders to 27,103; Nanhua Futures increased its holdings of 2016 long orders and at the same time increased its holdings by 1,740 short orders and net short orders. Reduced to 8611; the increase in holdings of East China Sea futures seats on long positions was also greater than that on short positions. The above data shows that these seats are more optimistic about the market outlook.
On the contrary, Yongan Futures, which ranked first in the long list, increased its holdings of 1031 longs and 3106 shorts on the same day, reducing its net longs to 24,834; the number of Zheshang futures positions in the short list is increasing. While holding 273 long orders, it increased its holdings by 2418 short orders and increased its net short orders to 16,326; Galaxy Futures increased its holdings of 882 long orders while increasing its holdings of 1,231 short orders, reducing its net long orders to 4091; Guotai Junan seats , SDIC Anxin seat and Guosen futures seat on the day of the increase in short positions are greater than the increase in long positions. The above data shows that this part of the seats is more pessimistic towards the market outlook.
By observing the trend of the main positions, the author found that among the top 20 main positions in the long-short rankings, the long positions increased by a large margin, and from the perspective of the adjustment direction and intensity of the main positions among the seats, the long positions had the upper hand. The focus of futures price operation is expected to continue to rise.
Source: Chemical Network
