Daily Report 300715 2015-07-30
Soybean No.1 contract continues strong rally trend, domestic soybean spots price stabilize; one of the reason that these days soybean No.1 contract soaring is spots in uptrend; another reason is recently, supervision department start inspecting on flow direction of importing soybean to each domestic port, control the import soybean flowing into commodity market and, this will bull the domestic soybean. Current domestic soybean is entering seasonal shortage cycle, we predict there will be certain bolster to futures market but, shall not over expecting on this rebounding.
Soybean spots maintain stabilize in most areas, current sales performance of oil plants is common, hammer in north area is not huge, price in south China still weaken and, soybean port arrival amount in August to September from market anticipation was huge, hammer on raw material market was hard to eliminate in a short time; treat the meals tendency in retracement for a short period. We recommend hold slight short positions in short terms as for operation.
Yesterday PP futures opened up high with volatile, opened at 7958 and ended at 7957; trading volume decreased 155,000 lots to 260,000 lots, holding decreased 8028 lots to 187,000 lots. In upstream, propylene price leveled off. On spots side, yesterday domestic PP market price high in stabilize. Partial regions of petrifaction reduced EXW and bolster to market cost weakened. PP futures are in the high point which boosted the market sentiment. Merchants shipped in market price; partial merchants exploratory quoted high slightly and observed market reaction. Plants in downstream purchase as own demands, no plainly improving on the demand of stocking up.
Current main quotation of wires, north market was RMB 7900-8050/ton, east market was RMB 8000-8150/ton and south market was RMB 8150-8250/ton.
As for operation, current moving average system permutes in short, MACD still under 0 axes, downward trend is completely, hammer at 8000-8100 is plainly. But crude oil rallied in last night, we recommend wait and see temporally.  

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