Daily Report 281116
Domestically, DCE soybean tendency is still strong, which is bolstered by domestic fundamental. Fundamental side, Northeast district production area price increased RMB40-60/ton. Now Northeast China filtered grain purchasing price is RMB 3625/ton. Soybean meal actuals price is stable. Coastal oil plant quotation is RMB 3380-3480/ton. American soybean is onboard intensively. But since unload is not smoothly, domestic oil plant is still short of soybean supply. As for operation, hold long position for Soybean Futures species in middle-term.
Last week copper market was strong. LME closed with increase of 8.19%. Last week three main exchanges inventory decreased 9811 tons to 456000 tons. SHEX increased 9525 tons to 144000 tons. LME decreased 22000 to 236000 tons. COMEX increased 2664 tons to 76000 tons. LME cash discount last week slightly narrowed to $14.5. Overall, the current trend of copper out of the fundamentals, the dollar index and crude oil are uncertain, it is recommended that temporary short-term operation.
Nature Rubber
Yesterday Shanghai rubber opened high and increased, cash side: domestic spots price is 1770-1810(-20); domestic cargo price is 1770-1820(-30); US RSS spots price is 1950-1970(-20); US RSS cargo price is 1950-1970(-30); Singapore cargo price is 1800-1850(-30); Thai cargo price 1810-1860(-30); mixed rubber price is 15100-15300(-100). Overall, recent rubber capital turned to forward month. Forward and cash window has been opened but hard to influence tendency. Shanghai rubber is expected to follow market tendency.
Last week PP futures rolled back after rally. Upstream side, till Friday night, Korea FOB average price is $792.5/ton. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8550-8800/ton, RMB 8500-8700/ton and RMB 8600-8850/ton, respectively. As for operation, now average system twists; MACH green column lengthened, and recent is expected to fluctuate and continue downward tendency. 
                                                                                    Dong LV (Investment Certificate NO. TZ008452)