The recent international oil price of more than 135 US dollars/barrel has attracted much attention from the market. Market hot spots also followed oil price changes. In the near future, crude oil has become a market baton, oils and chemical products, etc., and crude oil are greeted with funds, and varieties of agricultural products (stocks, quotes, and information) that are affected by crude oil continue to be pursued. Stay active. The metal species that have always been the mainstay of the market suffered short-term losses, capital outflows, and volume shrinking.
Large-scale inflow of capital into the oil sector According to the statistics of China Everbright Futures, last week's capital inflows of fuel and oils were significantly scaled up, and the average increase in position funds was nearly 50%. Among them, the increase in holdings of soybean oil is as high as 58%, and that of palm oil holdings is also 56%. In addition, the increase in holdings of fuel oil, vegetable oil, and PTA is all above 30%. Excluding price factors, the trend of concentrated funds from oil to oil products can also be clearly seen only from data on positions held. Among them, the positions of soybean oil and palm oil increased by more than 40% from last week.
The outflow of funds is mainly concentrated in agricultural products and metals, and the most prominent is plastic. The outflow rate of funds in the week reached 23%. Soybean and corn have continued to shrink their holding positions, and the decline in metal prices has reduced the capacity of the variety funds. The strong crude oil has caused the global oil stagnation and the weakness of the oil category.
The increase in the trading volume of the chemical sector was significantly higher last week than the previous week, measured by the average daily turnover. The average daily turnover of the 13 varieties exceeded the previous week, and the general increase was over 40%. The activeness of the oil and oil plates, agricultural products and chemical plates has been quite significant, indicating that the recent topics of these plates are active and attracted most of the speculative funds in the market. The total turnover of PTA and plastic chemical products increased by 46% and 42% respectively from the previous week. Soybean oil and palm oil increased by 43% and 11%, respectively, while the turnover of soybean meal, soybeans, etc., which had recently risen significantly, increased by 39% and 11% respectively. The weak consolidation of the metal plate made the sector temporarily deserted.
Concentration of speculation or causing soaring plunges is different from the stock market. The shift of speculative hotspots to oils and chemical products does not mean that these varieties will rise, said Zhu Jimi, an analyst of Everbright Futures, “the increase in investment enthusiasm indicates that investors are interested in these varieties. There will be huge differences in the trend, which may lead to phased market conditions, and the continued increase in open interest and volume will exacerbate the market's risk, and increase the possibility of skyrocketing plunge in the future."
For the most aggressive PTAs, plastics, soybeans and soybean meal and other varieties, Jiangnan futures senior analyst Fu Chunjiang believes that the trend is unsustainable. "There is no participation of large-scale spot dealers in the PTA and plastics futures markets. The recent increase in trading volume to between 100,000 and 200,000 lots may be a speculation of capital. The risk of a plunge is extremely high. In a coquettish situation, the prices of the substitute varieties of corn and wheat have not risen at all. Therefore, the situation of 'high above' may not be sustainable.
Large-scale inflow of capital into the oil sector According to the statistics of China Everbright Futures, last week's capital inflows of fuel and oils were significantly scaled up, and the average increase in position funds was nearly 50%. Among them, the increase in holdings of soybean oil is as high as 58%, and that of palm oil holdings is also 56%. In addition, the increase in holdings of fuel oil, vegetable oil, and PTA is all above 30%. Excluding price factors, the trend of concentrated funds from oil to oil products can also be clearly seen only from data on positions held. Among them, the positions of soybean oil and palm oil increased by more than 40% from last week.
The outflow of funds is mainly concentrated in agricultural products and metals, and the most prominent is plastic. The outflow rate of funds in the week reached 23%. Soybean and corn have continued to shrink their holding positions, and the decline in metal prices has reduced the capacity of the variety funds. The strong crude oil has caused the global oil stagnation and the weakness of the oil category.
The increase in the trading volume of the chemical sector was significantly higher last week than the previous week, measured by the average daily turnover. The average daily turnover of the 13 varieties exceeded the previous week, and the general increase was over 40%. The activeness of the oil and oil plates, agricultural products and chemical plates has been quite significant, indicating that the recent topics of these plates are active and attracted most of the speculative funds in the market. The total turnover of PTA and plastic chemical products increased by 46% and 42% respectively from the previous week. Soybean oil and palm oil increased by 43% and 11%, respectively, while the turnover of soybean meal, soybeans, etc., which had recently risen significantly, increased by 39% and 11% respectively. The weak consolidation of the metal plate made the sector temporarily deserted.
Concentration of speculation or causing soaring plunges is different from the stock market. The shift of speculative hotspots to oils and chemical products does not mean that these varieties will rise, said Zhu Jimi, an analyst of Everbright Futures, “the increase in investment enthusiasm indicates that investors are interested in these varieties. There will be huge differences in the trend, which may lead to phased market conditions, and the continued increase in open interest and volume will exacerbate the market's risk, and increase the possibility of skyrocketing plunge in the future."
For the most aggressive PTAs, plastics, soybeans and soybean meal and other varieties, Jiangnan futures senior analyst Fu Chunjiang believes that the trend is unsustainable. "There is no participation of large-scale spot dealers in the PTA and plastics futures markets. The recent increase in trading volume to between 100,000 and 200,000 lots may be a speculation of capital. The risk of a plunge is extremely high. In a coquettish situation, the prices of the substitute varieties of corn and wheat have not risen at all. Therefore, the situation of 'high above' may not be sustainable.