Daily Report 141116

From domestic fundamental side, Northeast China domestic soybean price of most districts are stable. Partial districts markets are weak, filtered grain purchasing price is RMB 3500-3600/ton, which is same with last week. Last week Heilongjiang began to snow, which weakened the purchasing and sales atmosphere. Trading tendency is weak, and actuals price is under stress. Soybean actuals price is fluctuated and strong last week. Coastal oil plant quotation is RMB 3250-3350/ton, increased RMB 50-80/ton compared to last week. As for operation, since last week market is extreme, be cautious and wait market to be calm.
Last week copper market was strong, and price increased to high position of $6025.5, but dropped at Friday night. Last week three main exchanges inventory decreased 20563 tons to 460000 tons. SHEX inventory increased 14712 tons to 113000 tons. LME inventory decreased 35650 tons to 275000 tons. COMEX inventory increased 375 tons to 72000 tons. LME actuals keeps discount tendency. Friday narrowed $5.55 to discount $8.25. As for operation, recent market is full of uncertainty; recommend to be cautious.
Last week PP futures continued upward tendency. Upstream side, till Friday night, Korea FOB average price is $760.5/ton. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8900-9000/ton, RMB 9100-9150/ton and RMB 9050-9200/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)