Daily Report 230217
Wednesday copper market slightly fluctuated. Copper price meets bolster at 5-days average. LME inventory yesterday decreased 2000 tons to 219000 tons. LME actuals discount narrowed $0.25 to discount $14.25. Technically, after copper price broke former fluctuation range, there is still space for rally. If roll back happens, can choose opportunity to buy.
Wednesday Nickel market was weak. Nickel price fluctuated and rolled back. LME inventory yesterday decreased 900 tons to 384000 tons. LME actuals discount maintains $56.5. Technically, Nickel price was weak. Observe temporarily and wait for market to be clear. 
Yesterday PP Futures fluctuated at low point. Opened at 8754, and closed at 8773. Trading volume decreased 109000 lots to 294000 lots. Holding volume decreased 63038 to 422000 tons. Actuals side, yesterday domestic PP price continued decrease. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8650-8750/ton, RMB 8650-8850/ton and RMB 8800-890/ton, respectively. Now average line system changed tendency to downward. MACD green column lengthened; price dropped below 60-days average, and expected continue week tendency.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)