Daily Report 220317 2017-03-22
DCE night section fluctuated both sides, total market is still for short. Under the influence of national inventory auction rumor and capital bearish sentiment, futures price largely rolled back. Northeast China district soybean price continued decreased. West Heilongjiang districts filtered grain purchase price decreased to RMB 3800/ton. 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 price keeps stable at 2850, recommend long position.
Tuesday copper market was weak. Copper price opened low and dropped. LME closed with drop of 1.6%. LME inventory yesterday decreased 3125 tons to 330000 tons. LME actuals discount enlarged $3.5 to discount $28.5. Overall, considering copper market supply and need has turned good, and traditional consumption season comes, recommend buy at low positon.          
                                                                                    Dong LV (Investment Certificate NO. TZ008452)