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Industrial Products Continue To Weaken &Nbsp; Agricultural Products Will Rebound Now.

2011/4/4 18:15:00 60

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Industrial Products Market For Agricultural Products

Weekly commodities

This week, the impact of Japan's strong earthquake and tsunami began to recede, but the conflict intensified in Libya.

oil price

Soaring commodity market turbulence.

Oil prices are rising again.

In the international market, the war in Libya continued. Although the data released by the US energy information administration showed that the crude oil inventories continued to increase last week, gasoline stocks continued to decline. In addition, the US dollar continued to be soft. The price of New York crude oil futures rose sharply, and the price of New York crude oil futures rose to a level of 107 US dollars per barrel on Friday, again approaching the high point of early March.

In the basic metal market, this week London copper price shocks declined, inventories continued to rise, LME stocks were close to 440 thousand tons, the market continued to worry about the decline in China's demand, the lowest price of copper dropped to 9332 yuan / ton, the market outlook is expected to remain in the 9100~9800 U.S. dollars / ton interval fluctuations.

In the agricultural products market, the US Department of agriculture lowered the planting area and quarterly inventory data of soybean in 2011, which directly boosted the price of soybean market, and the price of soybeans rose to 1400 cents / bushels again. The price of corn and wheat futures rebounded rapidly, and the rise of energy price also provided support for the market of corn and soybeans.

The United States Department of agriculture report that this year the United States cotton planting area will reach 12 million 566 thousand acres, an increase of 1 million 593 thousand acres over the previous year, an increase of 14.5%, but lower than the market expectations, the US cotton price is weaker, it is expected that the market will continue downward, and test the support of 180 cents / bushel line.

Zheng cotton

Four weeks down

In the domestic commodity market this week, the price of Shanghai copper follows the adjustment of the external market.

Goods in stock

The market turnover was good, but the Shanghai copper continued to decline. On Friday, the Shanghai copper main contract 1106 closed at 70440 yuan / ton, down 1920 yuan per week compared with last week.

In terms of agricultural products, the prices of soybeans, soybean meal and soybean oil rebounded, of which 1201 of the main soybean meal contract closed at 3428 on Friday, 29 yuan per tonne from the previous week, and Dalian soybean oil futures also showed that 1201 of the main contracts rose to 10210 yuan / ton on Friday and remained at ten thousand points.

In the context of high cotton prices, China and the United States will have a larger growth in cotton planting area, cotton prices will gradually return to become the main trend, Zheng cotton has dropped four weeks, Friday closing price of 28170 yuan / ton, according to the record high point drop is close to 20%.

Market outlook is facing differentiation

On the whole, the situation in Arabia has continued to unrest and pushed up oil prices. Japan's strong earthquake and tsunami crisis also hit the financial market. It is expected that the commodity market will continue to shake sharply and commodity prices will be divided.

Industrial prices are weakening, energy and agricultural products are expected to rebound steadily.

In terms of operation, agricultural products began to show strong characteristics this week. Corn, soybeans, soya bean oil and soybean meal gradually strengthened, and they could seize more opportunities in the middle line, but the industrial plates had weakened.