Daily Report 250117
   
Nickel
Tuesday Nickel market continued low position fluctuation, and met stress at 5-days average. LME inventory yesterday increased 3534 tons to 376000 tons. LME actuals discount enlarged $4 to discount $59. From a technical point of view, taking into account the Spring Festival holiday is approaching, the market risk is high; do not recommend hold positions during the New Year. Recommend short-term operation before festival.
 
Copper
Tuesday copper market was strong. Copper price largely increased. LME inventory yesterday decreased 2500 tons to 272000 tons. LME actuals discount narrowed $4.5 to discount $17. From a technical point of view, yesterday copper price largely increased; taking into account the Spring Festival holiday is approaching, the market risk is high; do not recommend hold positions during the New Year.
 
Nature Rubber
Shanghai rubber fluctuated at high position; actuals market has no deal. Estimated quotation: domestic spots price is 2180-2200(+10); domestic cargo price is 2200-2220(+20); US RSS spots price is 2470-2510(0); US RSS cargo price is 2480-2540(0); Singapore cargo price is 2250-2280(0); Thai cargo price 2300-2340(0); mixed rubber price is 18500-18700(+200). Overall, Thailand flood hypes rubber market. Traders enter holiday, and recommend short-term trade.
                                                                                                                  Dong LV (Investment Certificate NO. TZ008452)