Daily Report 030117
Soybean
Domestically, DCE soybean No.1 nearly contact is strong but forward weak. Contract 1701 still waits for the final delivery. Soybean meal futures market fluctuated, and followed US market. Actuals side, Last week domestic soybean market tendency keeps stable and strong. Heilongjiang 4.0 filter grain purchasing price is RMB 3800-3900/ton. Food soybean price continued increase. Soybean meal actuals price is weak. Coastal oil plant quotation is normally RMB 3450-3550/ton. As for operation, soybean No.1 contract lower than 4200 is cost area, can consider for long. Soybean meal 1705 limit loss at 2800.
 
Copper
Last week copper market investment and trade is weak. Copper price fluctuated at 10-weeks average. LME inventory continued decrease, LME weekly inventory decreased 12000 tons. LME actuals discount range is still large. Last week average is discount USD 14.25, and still weaker than the same period of former time. Technically, copper price meets bolster at 5-weeks average. Recommend observe while trade, and wait for market tendency to be clear.
 
Nature Rubber
Shanghai rubber fluctuated at high position. Till the last trading date of 2016, domestic spots price is 1980-1990(+30); domestic cargo price is 2010-2020(+40); US RSS spots price is 280-2290(+10); US RSS cargo price is 2290-2300(+20); Singapore cargo price is 2040-2060(+30); Thai cargo price 2050-2070(+20); mixed rubber price is 17100-17200(+400). Overall, recently market fluctuates and waits for new hot point, recommend for short-term trade.                                                                                             
                                                                                                               Dong LV (Investment Certificate NO. TZ008452)