Daily Report 110117
Nature Rubber
Shanghai rubber price went upward with increasing trading volume. Till the actuals trade time, domestic spots price is 2090-2120(+40); domestic cargo price is 2140-2160(+60); US RSS spots price is 2400-2460(+40); US RSS cargo price is 2420-2480(+50); Singapore cargo price is 2180-2200(+50); Thai cargo price 2220-2240(+70); mixed rubber price is 18200-18300(+400). Northeast Thailand is now beginning to gradually enter the leaf period, and is expected to stop tapping rubber at the end of February. Thailand's overall output will decline in the first half of 2017 is a fact. On the whole: the flooding in Thailand triggered a new hype theme; recommend short-term trade.
 
Copper
Tuesday copper market is strong. LME copper price closed with increased of 2.77%. LME inventory yesterday decreased 1500 tons to 293000 tons. LME actuals discount enlarged $1 to discount $22. Technically, yesterday copper price largely rallied, but considering capital evaluate risk, recommend short-term operation. 
 
Soybean
Domestically, DCE soybean night section slightly increased, and boosted by overseas section. Actuals side, Northeast district soybean price is still stable. Although recent futures price rolled back, actuals are still strong. Heilongjiang and Inner Mongolia districts purchasing price is around RMB 3800-3900/ton. Soybean meal quotation is stable and dropped. South China coastal area district quotation decreased RMB 20-40/ton to RMB 3220-3320/ton. As for operation, soybean No. 1 contract recommend long positon below 4200. Soybean meal is weak in the short-term. Do not recommend for long.                                                                     
                                                                                                                   Dong LV (Investment Certificate NO. TZ008452)