Qian Kun FuturesQIAN KUN
-13.9bnToday +110mnBW
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INSTITUTIONAL POSITIONING · CATEGORY ATLAS
Institutional Futures Positioning Atlas External Preview Edition
Qian Kun Futures x Three Major Institutions - From sectors to product divergence
2026.06.29
Post-close data - all-contract notional basis
Net Long
Net Short
Zero Axis
QK Trend
Institution Trend
External Preview SampleThis report is an external preview, showing only selected research framework, sample signals, and redacted charts; the internal subscription edition provides full content, multi-dimensional matrix analysis, and high-resolution charts. To access the internal edition, please contact BW Research for authorized subscription.
Research ReferenceThis report is for commodity-market research and data organization only; it does not constitute investment advice, trading instructions, or any return commitment.
Copyright NoticeNo commercial use, republication, screenshot sharing, or redistribution without permission.
01
Three-Seat Positioning Summary
Foreign, institutional and retail positioning signals
Three Major InstitutionsGTJA + CITIC + ORIENT
+9.22bnToday +5.29bnRetail SeatsHuishang + East Money
+8.95bnToday -1.34bnPositioningOppositeSignalForeign/Institution vs Retail
30 itemsBullish 7 · Bearish 23 · Strong 14 · Total 373.27bnFocus
Today's Positioning Signal Focus
Products with market capital >= RMB 1bn and professional seats opposite retail - axis: net short <- 0 -> net long; unit: RMB mn/bn
SoymealM
Strong BullishNet ShortNet Long
QK +27.5Institution +41.0Retail -0.0
29.58bnTotal Market Capital
GlassFG
Strong BearishNet ShortNet Long
QK -32.1Institution -44.4Retail +13.6
12.98bnTotal Market Capital
TinSN
Strong BullishNet ShortNet Long
QK +1.2Institution +13.9Retail -1.6
12.46bnTotal Market Capital
NickelNI
Strong BearishNet ShortNet Long
QK -8.5Institution -25.2Retail +0.5
11.97bnTotal Market Capital
SugarSR
Strong BearishNet ShortNet Long
QK -71.0Institution -36.2Retail +3.4
11.71bnTotal Market Capital
Soda AshSA
Strong BearishNet ShortNet Long
QK -16.2Institution -59.9Retail +16.0
11.35bnTotal Market Capital
02
Sector Direction Snapshot
Condensed sector layer with three-seat direction, key products and consensus counts
Govt Bonds0 itemsPositioning Signal · 0 itemsStrong
QK -17.4Institution +59.3Retail 0.0
30YGovt Bonds TL · 10YGovt Bonds T
Precious Metals1 itemsPositioning Signal · 0 itemsStrong
QK +11.0Institution +432.1Retail +10.0
Gold AU · Silver AG
Base Metals3 itemsPositioning Signal · 2 itemsStrong
QK -22.2Institution -57.4Retail +1.9
Copper CU · Nickel NI
Ferrous & Construction4 itemsPositioning Signal · 0 itemsStrong
QK -28.3Institution +18.2Retail +22.8
Rebar RB · Iron Ore I
Energy2 itemsPositioning Signal · 2 itemsStrong
QK +7.6Institution -1.3Retail +2.6
Bitumen BU · LPG PG
Chemicals & Materials10 itemsPositioning Signal · 6 itemsStrong
QK -54.0Institution -260.9Retail +44.8
Soda Ash SA · Glass FG
Oils & Oilseeds4 itemsPositioning Signal · 3 itemsStrong
QK +33.5Institution +27.6Retail +5.2
Palm Oil P · Soymeal M
Agri & Softs5 itemsPositioning Signal · 1 itemsStrong
QK -71.0Institution -106.9Retail +0.5
Sugar SR · Live Hogs LH
03
Institutional Alignment Map
Axes show QK / institution net-position strength; bubble size represents total market capital; outline marks signals; black outline marks strongest signals
External version: Common net-long / net-short product identities are blurred; only quadrant structure is retained.
Common Net Long
L07L06L05L04L03L08L02L01
Common Net Short
S09S08S07S06S05S04S03S02S01S11S10
Institutional Divergence
AGIRBPSEBASSCUNRPBPG
One-sided Lead
LHJMCFCSHAOURCSLCRU
04
Core Product Panorama
External PDF: shows 8 core products; common net-long / net-short identities are blurred; unit: RMB mn/bn
Core Product
QKInstitutionTrend
Scale
Institutional Alignment
Qian Kun Futures
Three Major Institutions
Retail Seats
Daily Change
Strongest SignalStrong 8 · Bullish 3 · Bearish 5
SoymealStrong Bullish
29.58bnDMFbasis
Common Net Long
Strong Bullish · Foreign and institution alignedSplit
+2.75bn
+4.1bn
0mn
QAdd Long+100mn
ZReduce Long-870mn
RFlat0mn
GlassStrong Bearish
12.98bnDMFbasis
Common Net Short
Strong Bearish · Foreign and institution alignedSplit
-3.21bn
-4.44bn
+1.36bn
QAdd Short-70mn
ZReduce Short+930mn
RReduce Long-20mn
TinStrong Bullish
12.46bnDMFbasis
Common Net Long
Strong Bullish · Foreign and institution alignedReinforcing
+120mn
+1.39bn
-160mn
QAdd Long+50mn
ZAdd Long+50mn
RAdd Short-50mn
NickelStrong Bearish
11.97bnDMFbasis
Common Net Short
Strong Bearish · Foreign and institution alignedMixed
-850mn
-2.52bn
+50mn
QAdd Short-120mn
ZAdd Short-230mn
RReduce Long-10mn
SugarStrong Bearish
11.71bnDMFbasis
Common Net Short
Strong Bearish · Foreign and institution alignedSplit
-7.1bn
-3.62bn
+340mn
QAdd Short-50mn
ZReduce Short+640mn
RAdd Long+10mn
Soda AshStrong Bearish
11.35bnDMFbasis
Common Net Short
Strong Bearish · Foreign and institution alignedWeakening
-1.62bn
-5.99bn
+1.6bn
QReduce Short0mn
ZReduce Short+630mn
RAdd Long+10mn
PVCStrong Bearish
11bnDMFbasis
Common Net Short
Strong Bearish · Foreign and institution alignedSplit
-2.47bn
-5.62bn
+500mn
QAdd Short-70mn
ZReduce Short+230mn
RReduce Long-10mn
Rapeseed OilStrong Bullish
9.36bnDMFbasis
Common Net Long
Strong Bullish · Foreign and institution alignedReinforcing
+1.54bn
+3.54bn
-30mn
QAdd Long+320mn
ZAdd Long+310mn
RAdd Short-10mn
No matching products
05
Key Changes Today
Most significant three-seat daily changes as a supplement to the core table
CopperCU
61.02bnQAdd Long+450mn
ZReduce Short+2.67bn
RFlat0mn
Live HogsLH
29.53bnQFlat0mn
ZReduce Short+1.04bn
RReduce Long-660mn
SilverAG
46.91bnQTurn Long+240mn
ZReduce Short+820mn
RReduce Long-60mn
GlassFG
12.98bnQAdd Short-70mn
ZReduce Short+930mn
RReduce Long-20mn
EXECUTIVE READ
There are 30 positioning signals today, covering RMB 373.27bn of market capital: 7 bullish, 23 bearish and 14 strongest signals. Bullish focus: M(Soymeal), SN(Tin), OI(Rapeseed Oil), PP(PP), BU(Bitumen), SS(Stainless Steel), CS(CornCorn Starch). Bearish focus: FG(Glass), NI(Nickel), SR(Sugar), SA(Soda Ash), V(PVC), RM(Rapeseed Meal), FU(Fuel Oil), L(LLDPE), EG(Ethylene Glycol), AG(Silver), I(Iron Ore), LH(Live Hogs), JM(Coking Coal), CF(Cotton), RB(Rebar), C(Corn), PS(PS), SH(Caustic Soda), AO(Alumina), EB(Styrene), A(Soybean No.1), UR(Urea), BR(SyntheticRubber). Use the alignment map first, then confirm three-seat exposure and daily movement in the core table.
