Daily Report 080217

Yesterday PP futures continued fluctuation; opened at 9340 and closed at 9262, and trading volume increased 48030 lots to 312000 lots. Holding volume increased 28756 lots to 473000 lots. Actuals side, yesterday domestic PP market price narrowly fluctuated. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8900-9000/ton, RMB 9050-9100/ton and RMB 9050-9400/ton, respectively. Now average line system is long tendency. MACD red column shortened. Recently predicted continuously fluctuation. Price is near recent high point. Stress is obvious, and recommend observation.
Nature Rubber
Yesterday Shanghai rubber dipped and rallied. Till the actuals trade time, domestic spots price is 2290-2310(+40); domestic cargo price is 2280-2310(+10); US RSS spots price is 2750-2790(+20); US RSS cargo price is 2770-2800(+30); Singapore cargo price is 2370-2390(+40); Thai cargo price 2400-2430(+30); mixed rubber price is 19000-19200(+300). Industry, domestic heavy truck data in January grabbed a new high. Thailand plans the second round of throwing storage at February 14, while the domestic monetary policy shifted from partial to neutral.
Domestically, DCE soybean tendency is stronger than overseas section, and boosted overseas section. After holiday DCE soybean No.1 contract continued upward. Since production area high quality soybean supply decreased. Soybean meal actuals quotation is mixed with up and down. Quotation fluctuation range is RMB 20-50/ton. Oil plant quotation is normally RMB 3180-3250/ton. As for operation, recommend long position with bolster of 4150. Reduce soybean meal long position at high point.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)