Daily Report 261016
Soybean
Domestically, DCE soybean night section increased. Oil increase tendency slowed. 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, cash price slightly increased RMB 10-20/ton. Costal oil plant quotation is RMB 3230-3320/ton. With the onboard of soybean, oil plants that recover operation increased. What’s more, recent soybean squeeze profit is good. As for operation, long for Soybean Futures species.
 
Nature Rubber
Yesterday Shanghai rubber dropped at night section, cash side: domestic spots price is 1590-1600(0); domestic cargo price is 1480-1520(0); US RSS spots price is 1580-1620(0); US RSS cargo price is 1580-1640(0); Singapore cargo price is 1500-1530(0); Thai cargo price 1550-1580(0); mixed rubber price is 11900-12000(0). Overall, domestic futures market has the risk of rolling back at recent high position. Recommend short-term trade. 
 
Copper
Tuesday copper markets increased with huge volume. LME increased 2.04%, and domestically 1.77%. LME inventory yesterday decreased 1150 tons to 339000 tons. LME physical discount narrowed $6.5 to discount $12.75. Recently LME inventory is at the high position and without large fluctuation, and LME discount narrowed sharply, which is accept of market price. Supply side, Free Port third quarter copper output increased 21.32% Y/Y to 552000 tons. Technically, copper price rallied at Convergence triangular support line. Focus on whether middle line of the triangular can be broke through.
 
 
PP
Yesterday PP futures opened high and increased; opened at 8020 and closed at 8246, and trading volume increased 228000 lots to 532000 lots. Holding volume decreased 25586 lots to 736000 lots. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8100-8300/ton, RMB 8300-8450/ton and RMB 8500-8700/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)