Daily Report 181116

Domestically, DCE soybean night section was weak. Fundamental side, East Heilongjiang district domestic soybean price slightly increased RMB 20-40/ton. Other districts price is stable. Filtered grain purchasing price is focus on RMB 3560-3640/ton. Soybean meal actuals price Monday fluctuated RMB 10-20/ton. Coastal oil plant quotation is RMB 3200-3300/ton. As for operation, soybean species is at low position seasonal. Hold long position for Soybean Futures species in middle-term.
Thursday copper market trading was weak. Copper price was snapped at 5-days average and slightly fluctuated. LME inventor yesterday increased 2275 tons to 258000 tons. LME actuals yesterday enlarged $1.75 to discount $10.25. Since October 20, LME inventory is under continuously drop tendency. Inventory decreased 93000 tons. The same period SHEX inventory continuously decreased, which bolstered the copper price. Technically, copper price is strong since late October, which is mostly influenced by market emotion and capital. As for operation, recent market is full of uncertainty; recommend be cautious.
Thursday Nickel market trading was weak, and price rolled back. LME inventory yesterday increased 48 tons to 366000 tons. LME actuals discount narrowed $1 to discount $45. Technically, Nickel price rolled back after the influence of non-ferrous market. Thinking about the bolster effect of fundamental side, before the Philippines supply problem is clear, Nickel price will still be bolstered by fundamental side. As for operation recommend observation.
                                                                                                                  Dong LV (Investment Certificate NO. TZ008452)