Daily Report 020317
 
Soybean
Domestically, DCE soybean tendency was strong. Soybean No.1 contract bolster was strong under 4100. Actuals side, Northeast soybean filtered grain average purchasing price is RMB 4062/ton; increased RMB355/ton compared with same period last term. As for operation, Soybean No.1 contract can long as scroll. Overseas section market is stronger. Soybean meal can long in short-term and low positon.
 
Copper
Wednesday copper market was hard to go upward. Copper price fluctuated at low position within the day. LME inventory yesterday decreased 2375 tons to 201000 tons. LME actuals discount enlarged $6.5 to discount $13. Overall, considering copper market supply and needs market turns good, and traditional consumption season is coming near, recommend buy at low positon.
 
Nickel
Wednesday Nickel market continued fluctuation tendency. LME inventory yesterday increased 312 tons to 378000 tons. LME actuals discount enlarged $2 to discount $55. Technically, recent nickel price is strong. Recommend short-term operation.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)