Hujiao's clearance position remains high

  • Jan, 09th 2019

Benefiting from the strong rebound of crude oil, market risk appetite has picked up, coupled with the tropical storm “Babke” approaching southern Thailand will bring a large range of rainfall, which will affect the tapping, leading to tight supply expectations. In this context, the Hujiao 1905 contract ushered in a rebound yesterday, and the futures price rebounded to around the line of 11,450 yuan / ton.

On January 3, the Hujiao 1905 contract was more than 20 seats in the long and short positions. According to the exchange's position data, the positions of the top 20 seats in the long position increased slightly from 76,729 on December 27, 2018 to 78,346 on January 3, 2019, a total increase of 1,717 lots; the positions of the top 20 seats in the short position were from The number of 106,675 on December 27, 2018 increased slightly to 109,595 on January 3, 2019, an increase of 2,920 contracts. As the demand side has not improved, the inventory is still at a high level, and the short-selling strength is still strong. It can be seen that in the past week, Hujiao 1905 contract clearance position rebounded slightly, from 30046 on December 27, 2018 to 31,249 on January 3, 2019, a net increase of 1,203, an increase of 4%.

On the single-day position, on January 3, the top 20 seats of Hujiao 1905 contract showed a phenomenon of long-term increase in holdings, but the short-selling increase was stronger than the long position. Among them, the short position has increased by 3,133 lots, and the long position has increased by 2,029 lots.

Specifically, among the top 20 seats in the short position, there are 14 seats in the holdings and 6 seats in the reduction. Among them, Baocheng Futures Seat, BOC International Seat, CITIC Futures Seat and Galaxy Futures Seat increased their holdings by 663 lots, 401 lots, 420 lots and 420 lots respectively. At the same time, Haitong Futures Seat, Guotai Junan Seat, Huatai Futures Seat, Ruida Futures Seat, Guoxin Futures Seat, Zheshang Futures Seat and Xinhu Futures Seat also increased their holdings by 385, 316, 392 and 371 , 281 hands, 203 hands and 251 hands. In terms of reduction, in addition to the significant reductions in the seats of Green Dahua, SDIC and TSE Futures, 821, 133 and 139 were reduced respectively, and the remaining seats were reduced.

Among the top 20 seats in the bulls, there were 12 seats in the holdings and 8 seats in the reduction. Among them, the national letter periodCargo seats, Xingzhen futures seats, Dongzheng futures seats, Guangfa futures seats and Shenwan futures seats increased their holdings by 583, 566, 629, 446 and 401 respectively. At the same time, Founder's mid-term seats, CITIC Futures seats, China Everbright Futures seats, China International seats and Haitong futures seats increased the number of hands, but also increased 345 hands, 385 hands, 334 hands, 262 hands and 190 hands. In terms of reduction, in addition to the greater holdings of Yongan Futures Seat, South China Futures Seat, Zheshang Futures Seat and Galaxy Futures Seat, it reduced by 1199 lots, 271 lots, 253 lots and 210 lots respectively, and the remaining seats were reduced by the holding limit.

At present, the demand side is still lacking, and there are no signs of improvement. The bearish pressure has not weakened, and the net position remains high. Hujiao 1905 contract is facing greater pressure on the upside, and the short-selling power should not be underestimated. (Author: Baocheng Futures)

The picture shows the increase and decrease of the long and short positions of the 20 seats in the Hujiao 1905 contract