Daily Report 181016

Soybean
Domestically, palm-oil limit up lead agricultural section rallied. Oil against meal ratio reached new platform. Market filtered grain price is RMB 3500-3700/ton. Domestic soybean actuals differentiates. Soybean meal side, actuals price is stable. Partial place increased RMB 10-20/ton. Costal oil plant quotation is RMB 3180-3280/ton. As for operation, soybean species roll for long. Buy oil selling meal arbitrage stop gain at 2.3:1.
 
Copper
Monday copper market is weak, and price is continued under stress. LME inventory yesterday decreased 3275 tons to 346000 tons. LME physical discount enlarged $1.75 to $21.5. LME inventory decreased but physical discount enlarged, so actuals market is weak. Technically, copper price is under the tendency of drop. Since it dropped much at the earlier time, it may adjust in the short term. Keep hold short position.
 
PP
Yesterday PP futures market opened high and increased; opened at 7530 and closed at 7602, and trading volume increased 97660 lots to 400000 lots. Holding volume increased 17916 lots to 716000 lots. Intraday main quoted prices for wires of north China, east China and south China markets are RMB8050-8100/ton, RMB 8050-8250/ton and RMB 8500/ton, respectively. As for operation, now average lines system twisted, and MACD red column shortened, upward motion is not strong. Recommend for observe.
                                                                                                              
                                                                                                      Dong LV (Investment Certificate NO. TZ008452)