Daily Report 100417 2017-04-10
Soybean
Domestically, DCE soybean last week fluctuated at low position. Soybean No.1contract drop tendency slowed down, with bolster on the bottom. Northeast China soybean actuals price continued drop to RMB 3700/ton. Most districts quotation is RMB 3760-3940/ton.
Soybean meal futures dropped following the section. Soybean meal actuals quotation is stable. Coastal oil plant quotation is RMB 2860-2920/ton.
As for operation, Soybean No.1 contract has resistance at 3700-3750, and is not expected of downward trend. Soybean meal tendency is still weak in short-term.
 
 
Copper
Last week copper market maintained fluctuation tendency near average line intensive area. LME inventory last Friday decreased 5225 tons to 265000 tons. LME actuals discount enlarged $3.75 to discount $35.25. 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)