As of the end of December 2023, the domestic commodity ** market "precipitation funds" 34916.2 billion yuan, a year-on-year decrease of 1346%, which is the first time in the last five years that the market has seen a decline in precipitation funds. In addition, more than half of the top 10 commodities have reduced their positions, of which methanol has reduced their positions the most. Due to the rise in risk management demand, the position of double meal has increased significantly, and agricultural products occupy four seats on the list. …Looking at the actual data, it is obvious that "the ** market is also short of money"!
Where does the money go in the market?In fact, it disappeared in the precipitation of funds. The concept of capital precipitation refers to the fact that in the process of daily capital inflow and outflow, there is always a certain amount of funds left in the account, and the amount of this part of the funds is relatively stable. Commonly found in the financial market, people see the bank the most, some people deposit money and some people withdraw money at the same time, which causes a part of the bank account to be used to deal with these things. It can also be divided into two situations: 1. Permanent precipitation of funds, characterized by the fact that these assets cannot be recovered in their current use value form, and will not be recognized or realized by the market. 2. Temporary precipitation of funds, characterized by the use of value can be recovered funds, its market demand still exists, but the demand "social identity" can be manifested as its own demand.
Just like the real estate market, the market and bonds, etc., there is a large amount of capital precipitation, the reason is that when the national economy encounters an adjustment period, many products that have previously followed the hot topic lose market resonance, and the relevant market can only be in a state of price and no market, and the corresponding enterprise sector will become a "chicken rib", and it can only be used to maintain the cost of capital precipitation.
Of course, some people will say that it is enough to reduce these non-performing assets. Yes, yes, but while society as a whole is doing this, various sectors of the economy are releasing pressure one after another, and this is the reason for the balance sheet recession that triggered Japan's previous recession.
If you go back to the market, you will find that this part of the funds has actually been active all year round, and it is still leaving the market one after anotherIf you look at the big data of a year-long competition, less than 25% of it is in profit. I don't know what other people think anyway, but I'm in this state of suspension at the end of 2023, simply put, "there are crocodiles left to eat". I think it's the whole market that has come to maturity. In recent years, the average margin of various varieties of several domestic futures exchanges has been continuously improved in the "risk prevention idea". In this way, the overall leverage is getting smaller, the charm is declining, and it is not easy for all parties to achieve the effect of making a lot of money in a zero-sum game, and naturally over-the-counter funds have no "desire" to do increments. The end result is that the entire society would rather sit idle in the low-interest banking system than participate in various venture capitals.