Daily Report 030817
Soybean
Domestically, DCE soybean No.1 contract broke 4000 point. Actuals market fluctuated. DCE soybean oil and soybean meal both went weak. Actuals side, domestic soybean market continued stable. Domestic soybean meal actuals price is strong. Quotation maintains RMB 3120-3180/ton. As for operation, Soybean No.1 contract actuals strongly deviated; try long position bolstered by 4000.
 
Copper
Tuesday copper market was still weak. Copper price fluctuated downward and reached USD 5759. LME inventory yesterday continued increased 26725 tons to 262000 tons. LME actuals discount enlarged $4 to discount $18.25. Overall, considering copper market supply and need has turned good, and traditional consumption season comes, recommend buy at low positon.
 
Nickel
Tuesday Nickel market was weak. Nickel price closed with drop of 3.7%. LME inventory yesterday increased 3816 tons to 381000 tons. LME actuals discount enlarged $1 to discount $56.25. Technically, considering the Fed interest hike might stress on Nickel price, recommend observation and short-term operation.
                                                                                              Dong LV (Investment Certificate NO. TZ008452)