Rubber, consistent reduction in long and short run

On November 24th, after Hujiao’s main 1505 contract opened slightly lower, the price fell sharply with the increase in trading volume and open interest. Subsequently, under the influence of long-term bullish resistance and partial short profit taking, the price rose rapidly, in just 10 minutes, with a price fluctuation of RMB 500/ton. Relatively speaking, the 1501 contract performance is relatively strong, but as the main force continues to move to the far month, the positions continue to decline, the overall long-short power is more balanced, the period price showed a range of oscillation.

According to the data of the top 20 stocks in the long and short position of the Exchange, the 1501 contract continues to move, and both sides lighten up more than 4,000; the 1505 contract long and short-term main strength also has the same rate of lighten up, all around 4,000; far month 1509 contract appears A certain degree of Masukura, but the long-term increase in holdings of less than 2,000, reflecting the intensified sentiment of the departure of the contract traders in recent months. In addition, the Masukura of the 1509 contract in the far month also shows that some of the main forces have uncertainty about the trend of the recent month contract, and therefore will move the position to the far month contract.

Specifically, among the top 20 in the 1505 contract, there are 9 seats underweight more than one, among which 4 are lighten up by more than 1,000, and the top 10 Yongan** seats, Yinhe** seats and CITIC** The lighten-up positions of seats all exceeded 1,500. Relatively speaking, although there are 11 seats for holding more than one seat, the overall increase is not obvious. Only Wanda ** seats increase by a little over 1,000, and most of the rest are within 500. This reflects the lack of confidence of the bullishness on the market. In the top 20 short positions, there were more seats for lighten positions, reaching 13 seats. Among them, the brightest non-Yongan ** seats and Everbright ** seats are the most obvious, the day Yongan ** seats to reduce the empty single 1799, Everbright ** seats to reduce the empty single 2695. However, in addition, the reduction of other seats is relatively small, basically within 500.

What we have seen is that while there are only seven seats in the increase of short-selling seats, as the “best-off” seats in the short list and Dalian Liangyun’s seats, following the large increase in short positions on the 21st, 24 As many short-term lighten-ups have been made, they have continued to maintain an emptying trend. The two seats increased by more than 900 in the same day. On the whole, the short position is relatively stable, but it is reflected in the substantial adjustment of some of the main positions in the positions.

It is worth noting that long-and short-term rankings are all in the forefront of the Yong'an ** seats, the same day the positions have clearly lighten up, and the amplitude is basically the same, reflecting their departure and waiting to see more sentiment. In the same way, the CITIC ** seats also cut short and long positions at the same time, but the rate of reductions in multiple positions is much higher than the rate of reductions in short positions, indicating that it is relatively pessimistic about the outlook. The biggest change in the long and short position changes is the Everbright ** seats, the same day holding 743 more than one single, while reducing the 2695 empty orders, reflecting its optimistic outlook for the market. In contrast, the Galaxy seats, while reducing their holdings of more than 1,523, added 512 short positions, indicating that they are not optimistic about the market outlook, but they are not willing to go short. By observing the movements of the main positions, we learned that the main players have different views on the market, while some of the main players have long-short transitions, and the long-short game will be more intense.