Daily Report 251016

Domestically, DCE soybean strong oil and weak meal tendency continued. Night section rushed high then rallied. Recent fluctuation is large. Northeast China price continued stable. Purchase price keeps RMB 3500-3600/ton. Partial districts purchasing and sales turn better. Soybean meal side, costal oil plant quotation is RMB 3230-3320/ton. As for operation, long for Soybean Futures species.
Nature Rubber
Yesterday Shanghai rubber increased, cash side: domestic spots price is 1590-1600(+20); domestic cargo price is 1480-1520(0); US RSS spots price is 1580-1620(0); US RSS cargo price is 1580-1640(0); mixed rubber price is 11900-12000(0). Overall, after long position lightens up, short position hasn’t suppressed initiatively. Shanghai rubber increased followed futures market. Recommend short-term trade.
Monday copper market continued fluctuate around support line within the year, and price is pressure-bearing. LME inventory yesterday decreased 6825 tons to 340000 tons. LME physical discount narrowed $1.5 to discount $19.25. Supply side, recently Chile is strict with environmental monitoring. We will focus on whether environmental problem will influence upstream copper supply. Technically, after copper price reached fluctuation range support line within the year of $4633, it has temporarily adjusted. We focus on the performance of price near resistance line.
Yesterday PP futures opened high and increased; opened at 7893 and closed at 7993, and trading volume decreased 35892 lots to 305000 lots. Holding volume decreased 4558 lots to 761000 lots.  Actuals side, this week domestic market slightly adjusted. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8050-8250/ton, RMB 8150-8350/ton and RMB 8400-8600/ton, respectively. As for operation, now average system is for long. MACD red column lengthened, which is strong tendency.
                                                                                                                         Dong LV (Investment Certificate NO. TZ008452)