Daily Report 150317 2017-03-15
Domestically, DCE soybean performance is better than overseas section, since domestic atmosphere is different from overseas section. Soybean No.1 contract performance is still weak. Oil plant quotation is RMB 3030-3100. As for operation, Soybean No.1 contract was not stable after the expectation of national inventory auction; recommend observation. Soybean meal is difficult to rally; if can’t be stable above 2850, quit for long.
Tuesday copper market was strong. Copper price meets bolster at the bottom, and slightly fluctuated at the high position. LME inventory yesterday increased 850 tons to 332000 tons. LME actuals discount enlarged $2.25 to discount $21.75. Overall, considering copper market supply and need has turned good, and traditional consumption season comes, recommend buy at low positon.
Tuesday Nickel price meets bolster at 5-days average line. Nickel price narrowly fluctuated. LME inventory yesterday increased 612 tons to 385000 tons. LME actuals discount enlarged $3 to discount $59.5. Technically, considering the Fed interest hike might stress on Nickel price, recommend observation and wait for market to be clear.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)