Daily Report 290317 2017-03-29
Tuesday copper market is strong. LME copper price closed with increase of 1.55%. LME inventory yesterday decreased 2150 tons to 309000 tons. LME actuals discount enlarged $0.25 to discount $23.75. Overall, considering copper market supply and need has turned good, and traditional consumption season comes, recommend buy at low positon.
Stock Index
Yesterday stock index opened high and dropped. Yi dai yi lu is still hot spots; Yi dai yi lu plus central enterprises reform section continued strong; Xinjiang section is still strong, but most of the stocks are compensatory growth stock; Tibet section followed strong tendency.
DCE night section continued slightly rally. Northeast China district soybean price continued weak tendency. Most districts filtered grain purchasing price dropped to RMB 3800-3940/ton. Market investment and trading is cautious.
Soybean meal actuals price going upward. Coastal oil plant quotation is RMB 2930-3000/ton. As for operation, Soybean No.1 contract was not stable after the expectation of national inventory auction; recommend observation. Recent market has stress of short and need release, recommend short-term operation.
                                                                                    Dong LV (Investment Certificate NO. TZ008452)