Daily Report 160217
Nature Rubber
Yesterday Shanghai rubber rolled back at high position. Till actuals trade time: domestic spots price is 2380-2400(-30); domestic cargo price is 2380-2400(-40); US RSS spots price is 2840-2870(-40); US RSS cargo price is 2850-2880(-40); Singapore cargo price is 2420-2450(-20); Thai cargo price 2440-2500(-20); mixed rubber price is 19600-19900(-300). Overall, macro side and needs continuously support Shanghai rubber strong tendency. But market meets stress technically, and recommend short-term trade.
Yesterday PP futures opened low and dropped; opened at 9466 and closed at 9210, and trading volume increased 201000 lots to 476000 lots. Holding volume decreased 4532 lots to531000 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 8900-9150/ton, RMB 9100-9300/ton and RMB 9100-9350/ton, respectively. Now average line system is long tendency. MACD red column shortened. Price continued fluctuation and rolling back.
Domestically, DCE soybean night section rallied. Actuals side, Northeast China district soybean price stably increased. Quotation price is RMB 3900-4000/ton. Oil plant quotation dropped RMB 30-40/ton, and quotation is RMB 3150-3200/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)