Daily Report 260117
  
Nickel
Wednesday Nickel price reached $9555, then meets strong bolster and withdraw most loss. LME inventory yesterday increased 4650 tons to 380000 tons. LME actuals discount enlarged $1.5 to discount $60.5. 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
Wednesday copper market is difficult to rush. Copper price narrowly fluctuated. The main reason is market’s worry about copper mine workers’ strike. LME inventory yesterday decreased 11125 tons to 271000 tons. LME actuals discount enlarged $2.75 to discount $19.75. 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. 
 
PP
Yesterday PP futures opened low and increased; opened at 9128 and closed at 9420, and trading volume increased 72212 lots to 362000 lots. Holding volume increased 45060 lots to 449000 lots. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8700-8900/ton, RMB 8800-9100/ton and RMB9000-9200/ton, respectively. As for operation, now average system twisted. MACD red column lengthened. Recommend observation. 
                                                                                              Dong LV (Investment Certificate NO. TZ008452)