Hello, the meaning of "total position" is the total number of "open positions" of all investors (including long positions and short positions) in futures contracts. Investors keep opening and closing positions when trading, so the total position is constantly changing. The change of total positions reflects the market's interest in contracts, so it has become an index that investors are very concerned about. If the total positions increase all the way, it shows that both long and short sides are building positions, market investors are more and more interested in contracts, and more and more funds are pouring into contract transactions; On the contrary, when the total position is reduced all the way, it shows that both long and short positions are closing positions and investors' interest in the contract is weakening. On the other hand, when the trading volume increases, the total position does not change much, indicating that the trading is mainly based on change.

In the real-time market information released by CICC, there are two columns: "Total Position" and "Total Turnover", and "Total Turnover" refers to the cumulative total number of transactions from the beginning of the day to that time. It is worth noting that there are differences between bilateral calculation and unilateral calculation in total positions and total turnover, and investors should pay attention to the specific provisions of CICC.