Sou Hu Cai Jing·2025-07-07 04:35Summary of Key Points Core Viewpoint - The short fiber futures market shows a slight decline in the main contract, with a trading volume increase compared to the previous day, indicating a mixed sentiment among investors [1][2]. Trading Data - As of July 4, the main contract for short fiber (2508) experienced a decrease of 1.21%, with a trading volume of 107,300 contracts and a net short position of 2,067 contracts among the top 20 positions [1]. - Total trading volume for all short fiber contracts reached 197,000 contracts, an increase of 1,410 contracts from the previous day [1]. Positioning Analysis - Among the top 20 positions, long positions totaled 232,200 contracts, down by 1,446 contracts, while short positions totaled 242,400 contracts, down by 1,909 contracts [1]. - The top three long positions were held by CITIC Futures (26,185 contracts), Guotai Junan (24,156 contracts), and CITIC Jiantou (19,583 contracts) [1]. - The top three short positions were held by Guotai Junan (29,844 contracts), CITIC Futures (29,632 contracts), and Dongzheng Futures (21,624 contracts) [1]. Changes in Positions - The top three long position increases were seen in Chuangyuan Futures (5,158 contracts, up by 1,046), Zheshang Futures (2,971 contracts, up by 468), and Dongzheng Futures (4,091 contracts, up by 364) [1]. - The top three long position decreases were in Galaxy Futures (2,966 contracts, down by 1,074), Guotai Junan (11,303 contracts, down by 1,047), and Ping An Futures (1,699 contracts, down by 900) [1]. - The top three short position increases were in China Power Investment (2,943 contracts, up by 648), Zhongtai Futures (1,144 contracts, up by 268), and Zijin Tianfeng (1,488 contracts, up by 7) [1]. - The top three short position decreases were in Guotai Junan (14,433 contracts, down by 1,222), Dongzheng Futures (14,476 contracts, down by 1,103), and Huatai Futures (2,326 contracts, down by 825) [1].