Daily Report 030317
 
PP
Yesterday PP futures continued fluctuation. Opened at 8600, and closed at 8591. Trading volume increased 39332 lots to 402000 lots. Holding volume increased 14490 to 507000 tons. Actuals side, yesterday domestic PP market narrowed rolled back. Intraday main quoted prices for wires of north China, east China and south China markets are RMB 8500-8600/ton, RMB 8450-8600/ton and RMB 8700-8800/ton, respectively. Now average line system changed tendency to downward. MACD green column shortened; expect continue weak tendency.
 
Copper
Thursday copper market was weak. LME closed with drop of 1.41%. The main reason is stronger US dollar stress copper price. LME inventory yesterday decreased 725 tons to 200000 tons. LME actuals discount narrowed $1 to discount $12. Overall, considering copper market supply and needs market turns good, and traditional consumption season is coming near, recommend buy at low positon.
 
Nickel
Thursday Nickel market was weak. LME closed with drop of 2.04%. The main reason is stronger US dollar. LME inventory yesterday increased 666 tons to 378000 tons. LME actuals discount narrowed $0.75 to discount $54.75. Technically, the Fed raise interest rate may temporarily stress on Nickel price. Recommend observe and wait for market to be clear.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)