Ethylene glycol net short position rebounded

Since the beginning of August, the maintenance scale of ethylene glycolplant has increased continuously, the supply pressure has weakened, while the downstream polyester inventory is in the historical low area, the overall profit is good, and the demand-side strength has rebounded. Against the background of the expected increase of profit transmission in the industrial chain, the domestic ethylene glycol market has gathered bullish sentiment, and bull confidence has been encouraged, thus pushing the price focus of the contract of ethylene glycol 2001 to rise steadily from 4,300 CNY/ton to 4,550-4,650 CNY/ton in August. Over the past week, the volume and position of Ethylene Glycol 2001 contracts have steadily increased, and the number of more than 20 seats has declined. According to the stock exchange's holding data, the number of long 20 seats decreased slightly from 99 849 hands on August 20 to 98 366 hands on August 27, a total decrease of 1483 hands; the number of short 20 seats increased significantly from 28406 hands on August 20 to 34307 hands on August 27, an increase of 5901 hands, an increase of 20.77%.

In the Macro-negative environment, the price of superimposed ethylene glycol has been repaired to a certain extent, the confidence of bulls to continue to push up has been weakened, and the will of short blocking has been gradually strengthened, which has led to the recent rebound of net short position of ethylene glycol 2001 contract, from 85 584 hands on August 20 to 86 492 hands on August 27, a net increase of 908 hands. The increase was 1.06%.

In one-day positions, on August 27, the first 20 seats of the Ethylene Glycol 2001 contract showed more short positions, among which the long positions decreased by 2824 and the short positions increased by 1322.

Specifically, of the top 20 seats in the multi-headed group, 13 were reduced and 7 were increased. Among them, CITIC futures seats, Xingzheng futures seats and Huaan futures seats were reduced by 2425, 2187 and 1312, respectively. At the same time, Huatai futures seats, Dongzheng futures seats, Donghang futures seats and Luzheng futures seats were significantly reduced by 632 hands, 283 hands, 102 hands and 186 hands, respectively. In terms of increase in holdings, Beijing took the lead, with an increase of 2082 hands, while Chuangyuan Futures, CITIC Anxin, East China Sea Futures and Guangfa Futures increased by 973, 344, 439 and 695 hands, respectively.

Of the top 20 short seats, 9 were increased and 11 were reduced. Among them, Huatai futures seat and Yongan futures seat increased by 2943 hands and 1257 hands respectively. At the same time, Nanhua futures seat, CITIC futures seat, Zhejiang futures seat and Dongwu futures seat increased by 923, 566, 267 and 164 hands, respectively. In terms of reduction, Greenland Dahua Futures ranked first, with a significant reduction of 1760 hands. Shenyin Wanguo seats, CITIC Anxin seats, Fangzheng Medium-term seats, East Securities Futures seats, Zhejiang New Century seats and Tianfeng Futures seats were also significantly reduced by 591 hands, 769 hands, 685 hands, 205 hands, 245 hands and 378 hands, respectively.