Daily Report 240217
Domestically, DCE soybean night section was weak. Especially Soybean No.1 contract largely dropped, although fundamental side is strong. Soybean meal dropped influenced by overseas section. Actuals side, domestic soybean is stable. As for operation, Soybean No.1 contract dropped below 4150 bolster line, recommend observation. Now domestic and overseas atmosphere is weak. Wait for the end of adjustment for long.
Wednesday copper market was weak, and broke key technical positon. LME dropped 2.89%. LME inventory yesterday decreased 5400 tons to 214000 tons. LME actuals discount maintains stable, which is discount $14.25. Overall, recently copper price dropped below the key technical position, but copper market supply and needs market turns good. Recommend buy at low positon.
Thursday Nickel market was weak. Nickel price continued fluctuation and rolling back. LME inventory yesterday decreased 2280 tons to 382000 tons. LME actuals discount narrowed $2.5 to discount $54. Technically, Nickel price was weak. Observe temporarily and wait for market to be clear.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)