Daily Report 020816

Nature Rubber
Last week Shanghai Rubber dropped with increasing volume. Domestic spots price is 1280-1290(-10); domestic cargo price is 1270-1280(-20); US RSS spots price is 1630-1700(-20); US RSS cargo price is1610-1650(-20); Singapore cargo price is 1290-1310(-10); Thai cargo price1310-1330(-20); mixed rubber price is 10400-10500(-100). News side, SHFX inventory totally increased 5129 tons to 351042 tons. Inventory futures slightly decreased 160 tons to 310830 tons. Overall, domestic commodity market near month is strong. The coming 150 lots limit will accelerate over-the-counter non-firm offer leave. Mature species tendency is consistent. Pay attention to black metal and PP species, and other species have a big possibility to follow.
 
Soybean
Yesterday domestic commodity was still strong. Shanghai rubber continued weak near month and strong far month. Till actuals trading time: domestic spots price is 1290-1300(+10); domestic cargo price is 1280-1300(+10); US RSS spots price is 1640-1700(+10); US RSS cargo price is 1620-1650(+10); Singapore cargo price is 1310-1320(+20); Thai cargo price 1320-1330(+10); mixed rubber price is 10500-10600(+100). News side, till late July 2016, Qingdao bonded area rubber inventory reduced 21000 tons to 156000 tons. For specific species, inventory decline was because of nature rubber outbound, and decline range reached double-digit. What’s more, mixed rubber was slightly declined. Overall, domestic commodity market near month is strong. The coming 150 lots limit will accelerate over-the-counter non-firm offer leave. Recommend short-term speculate under long-short games.
 
Copper
Monday copper price rushed high and rolled back. LME physical discount increased $ 3.75 to $13.5. Inventory increased 6.28 million tons. Supply side, recently 14 mines companies have released performance report of second season. Output increased 10.54% totally, of which Free Port, Southern Copper, First Quantum, Kazakhmys and Minmetals are the main increase sources. August is traditional off-consumption season and vocation season; copper price is usually under fluctuation. Recently this characteristic is obvious. Technically, copper price is under fluctuation, short-term pay attention to bolster effective. LME is $ 4830 and domestically RMB 37500.
                                                                                 Dong LV (Investment Certificate NO. TZ008452)