In the past week, domestic methanol futures show a steady increase in trading volume, the holding volume is gradually rising phenomenon. After the loss of many factors in the early period, the fundamentals of methanol gradually weakened, long confidence collapsed, and short bears suppressed, resulting in a continuous decline in futures prices. Among them, the main 2001 contract has steadily declined from 2400 yuan/ton line to 2200 yuan/ton line on Wednesday.
From methanol futures more than unprecedented 20 seats change, more signs of a significant reduction in the increase. According to the position data of the exchange, the number of positions held by the top 20 seats in the long has decreased slightly from 549,447 hands on October 9 to 544,783 hands on October 16, a cumulative decrease of 4,664 hands; The number of positions held by the top 20 seats in the short box increased significantly from 540,593 on October 9 to 61,8323 on October 16, a cumulative increase of 77,730 hands. The weaker fundamentals of methanol have led to a surge in confidence among short holders and a weakening of the willingness of bulls to push, leading to a marked recovery in net positions. The net holding volume of methanol futures increased significantly from 8,854 hands on October 9 to 73,540 hands on October 16, a net increase of 64,686 hands, an increase of 730.59 %.
In a single-day position, on October 16, the top 20 seats in methanol futures showed Duokongshuangzeng's phenomenon, but the number of short holders exceeded long ones. Among them, the number of bulls increased by 53006 and the number of short bears increased by 64511.
Of the top 20 seats in the long, there are 14 additional seats and 6 reduced seats. In terms of additional Holdings, the number of additional seats in Dongshi Futures, Everbright Futures, and Huizhou Futures, increased by 169,21 hands, 9,210 hands, and 6,114 hands, respectively. At the same time, the number of Huatai futures seats, Fangzheng medium-term seats, Yinhe futures seats, Guotai Junan seats, Hua 'an futures seats, Dongfang Fortune futures seats, Donghai futures seats, Dongwu futures seats, and Zhongcai futures seats are also more obvious. They added 4827 hands, 2822 hands, 3505 hands, 2410 hands, 3203 hands, 5521 hands, 5245 hands, 4873 hands and 2960 hands respectively. In terms of reducing Holdings, the number of CIC futures seats, Xinhu futures seats and Yong 'an futures seats was significantly reduced, with 8335 hands, 4,488 hands and 2,604 hands respectively.
Of the top 20 short seats, there are 17 additional seats and 3 reduced seats. In terms of increasing Holdings, the number of Huatai futures seats and Dongshi futures seats increased by 28,773 and 16636 respectively. At the same time, the number of Yongan futures seats, Haitong futures seats, CITIC futures seats, Everbright futures seats, Donghai futures seats, Xingshi futures seats, Fangzheng mid-term seats, Guotai Junan seats, Dongwu futures seats, and Yide futures seats are also more obvious. They added 2068 hands, 8317 hands, 3129 hands, 6976 hands, 3190 hands, 6009 hands, 4830 hands, 2576 hands, 6196 hands and 2254 hands respectively. In terms of reducing Holdings, the number of Shenyin Wanguo seats and Xinhu futures seats was significantly reduced, with 24,162 hands and 3,732 hands respectively.
Analyzing the change in the position of methanol futures, we can find that in the past week, the multiple factors have subsided, and the hidden danger of profit has surfaced. The number of short positions has increased significantly. Among the three unprecedented seats, Dongshi Futures and Huatai Futures have shown that the number of short holdings exceeds the number of long ones, while Yongan Futures has turned more than empty, and the main funds have increased the short power to force methanol prices to fall in the past five trading days. Yin, It is expected that the methanol market will continue to explore in the background of the steady increase in the strength of the bears.
News from China Chemical Network
