瑞达期货 发表于 2010-11-18 09:37

<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:chsdate w:st="on" Year="2010" Month="11" Day="18" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">2010</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">年</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">11</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">月</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">18</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">日</SPAN></st1:chsdate><SPAN lang=EN-US style="FONT-SIZE: 12pt"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman">&nbsp; </FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">瑞达早盘提示</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">股指期货<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">瑞达期货:空头能量或尽,期指多头否极泰来<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘表现:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘指数<SPAN lang=EN-US><SPAN style="mso-tab-count: 3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN>收盘<SPAN lang=EN-US><SPAN style="mso-tab-count: 1">&nbsp;&nbsp; </SPAN><SPAN style="mso-spacerun: yes">&nbsp; </SPAN></SPAN>涨跌<SPAN lang=EN-US> <SPAN style="mso-tab-count: 1">&nbsp;&nbsp;&nbsp; </SPAN><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;</SPAN></SPAN>涨幅<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">道琼斯<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>11007.90<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>-15.62<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>-0.14%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">纳斯达克<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>2476.01<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>6.17<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>0.25%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">标普<SPAN lang=EN-US>500<SPAN style="mso-spacerun: yes">&nbsp; </SPAN><SPAN style="mso-tab-count: 1"></SPAN><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>1178.59<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>0.25<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>0.02%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">富时<SPAN lang=EN-US>100<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>5692.56<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN>10.66<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>0.19%<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">德国<SPAN lang=EN-US>DAX<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>6700.07<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>36.83<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>0.55%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">法国<SPAN lang=EN-US>CAC40<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3792.35<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>29.88<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>0.79%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">C0MEX</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">黄金<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>1336.9<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN>-2.0<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>-0.15%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">NYMEX</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">原油<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>80.44<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN>-1.9<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>-2.31%<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">美元指数<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>79.23<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>-0.01<SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>-0.02%<o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">小结:因经济数据表明美国通货膨胀率低于预期、房地产市场依旧低迷,使美联储的量化宽松政策得到更多支持,周三美国股市收盘涨跌不一。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息面:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">1. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">国务院四大力措抑制价格上涨。如,把握好政府管理价格的调整时机、节奏和力度,必要时对重要的生活必需品和生产资料实行价格临时干预措施,严厉查处恶性炒作行为;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">2. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">加息预期叠加时点效应,银行间拆借利率全面上扬;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">3. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">国家计划两年再建<SPAN lang=EN-US>1300</SPAN>万套保障房,将改写房地产业格局;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">4. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">昨日商品期货收盘大面积跌停。其中:橡胶<SPAN lang=EN-US>1105</SPAN>合约、<SPAN lang=EN-US>LLDPE1105</SPAN>合约和<SPAN lang=EN-US>PTA1105</SPAN>合约跌停,沪铜<SPAN lang=EN-US>1102</SPAN>合约、沪铝<SPAN lang=EN-US>1102</SPAN>合约、沪锌<SPAN lang=EN-US>1102</SPAN>合约跌停,郑棉<SPAN lang=EN-US>1105</SPAN>合约、豆一<SPAN lang=EN-US>1109</SPAN>合约、豆二<SPAN lang=EN-US>1109</SPAN>合约、豆粕<SPAN lang=EN-US>1109</SPAN>合约、豆油<SPAN lang=EN-US>1109</SPAN>合约、菜油<SPAN lang=EN-US>1105</SPAN>合约、棕榈<SPAN lang=EN-US>1109</SPAN>合约跌停。商品期货暴跌拖累股市、期指;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">5. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">国际清算银行<SPAN lang=EN-US>(BIS)</SPAN>报告称,欧洲银行或承担<SPAN lang=EN-US>6500</SPAN>亿美元爱尔兰违约风险;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">6. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">美<SPAN lang=EN-US>10</SPAN>月的消费者价格指数<SPAN lang=EN-US>(CPI)</SPAN>环比增长<SPAN lang=EN-US>0.2%</SPAN>,增幅低于预期;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">7. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">欧盟和<SPAN lang=EN-US>IMF</SPAN>明天起对爱尔兰负债银行进行联合评估,以判定爱尔兰是否有能力依靠自身力量来修补其本国的银行体系,或靠<SPAN lang=EN-US>7500</SPAN>亿欧元援助机制中的资金;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">8. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">亚太经济体货币紧缩渐成主流:韩国、印度加息控通胀,澳大利亚最新货币政策适度从紧,亚太经济体并加强资本管制防热钱;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">9. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">金价油价回落,美元指数小幅下跌;<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">持仓分析:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">前<SPAN lang=EN-US>20</SPAN>名主力机构多方持单<SPAN lang=EN-US>20138</SPAN>,空方持仓<SPAN lang=EN-US>25683</SPAN>,净空持仓(空头—多头)<SPAN lang=EN-US>5545</SPAN>。其中:前<SPAN lang=EN-US>5</SPAN>名主力机构净空持仓<SPAN lang=EN-US>8967</SPAN>,净空增减变动(空、多日内增减之差)增加<SPAN lang=EN-US>1721</SPAN>手。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;</SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">昨日<SPAN lang=EN-US>11</SPAN>月合约、<SPAN lang=EN-US>12</SPAN>月合约均出现大幅贴水,期指呈现恐慌性下跌。但是,从主力机构持仓看,相对坚挺,且多空双方均采取增仓策略,其中,华泰长城巨幅增加空仓。持仓结构表明,空方持仓维持高位且持仓集中程度较高,优势明显。同时,说明了市场分歧加剧,争夺更加激烈。持仓这一动向也表明,主力机构需在市场充裕货币支持和通胀紧缩预期之间做出艰难抉择,多头欲想抄底重头再来,而空头意犹未尽,进攻不住。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">瑞达研究院观点:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">IF1012</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">合约收盘报<SPAN lang=EN-US>3156</SPAN>点,预计<SPAN lang=EN-US>IF1012</SPAN>期货合约的区间在<SPAN lang=EN-US>3210-3120</SPAN>之间运行,如上方冲破<SPAN lang=EN-US>3210</SPAN>点可以介入单多,止损下设<SPAN lang=EN-US>10</SPAN>个点;如下方破点<SPAN lang=EN-US>3120</SPAN>可以小空,止损上设<SPAN lang=EN-US>10</SPAN>个点。如在区间内窄幅震荡,可以高空低多的策略。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">合约名称<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN></SPAN>强阻力位<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN>阻力位<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN>支撑位<SPAN lang=EN-US><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN>强支撑位<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">HS300<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3200<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3150<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3070<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3035<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">IF1011<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3215<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3158<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3070<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3037<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">IF1012<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3265<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3210<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3120<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3090<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">IF1103<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3335<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3275<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3175<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3135<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">IF1106<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3810<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3525<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>3095<SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp;&nbsp; </SPAN>2945<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
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<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">农产品</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">棉花<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>外盘走势:<SPAN lang=EN-US>ICE</SPAN>期棉大幅下跌,因中国表示将抑制过度投机行为的消息<SPAN lang=EN-US>,</SPAN>导致投资者卖出。<SPAN lang=EN-US>3</SPAN>月棉花下跌<SPAN lang=EN-US>5.05</SPAN>美分,收报每磅<SPAN lang=EN-US>124.15</SPAN>美分。<SPAN lang=EN-US><BR></SPAN>消息面:<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;1</SPAN>、据海关统计,<SPAN lang=EN-US>10</SPAN>月我国进口棉花<SPAN lang=EN-US>9.6</SPAN>万吨,较<SPAN lang=EN-US>9</SPAN>月减少<SPAN lang=EN-US>10</SPAN>万吨,减幅<SPAN lang=EN-US>52%</SPAN>,较去年同期下降<SPAN lang=EN-US>19%</SPAN>;平均进口价格涨幅加大,已超过<SPAN lang=EN-US>2100</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨,达到<SPAN lang=EN-US>2131</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨,较<SPAN lang=EN-US>9</SPAN>月上涨<SPAN lang=EN-US>69</SPAN>美元,涨幅<SPAN lang=EN-US>3.3%</SPAN>。进口棉中美国棉花比例下降,不足三成。<SPAN lang=EN-US>2010</SPAN>年<SPAN lang=EN-US>1-10</SPAN>月累计进口棉花<SPAN lang=EN-US>225</SPAN>万吨,同比增长<SPAN lang=EN-US>88%</SPAN>。<SPAN lang=EN-US>2010</SPAN>年度前两个月累计进口<SPAN lang=EN-US>29.6</SPAN>万吨,同比增长<SPAN lang=EN-US>34.5%</SPAN>。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;2</SPAN>、印度棉花协会在<SPAN lang=EN-US>10</SPAN>月预估中称,当前作物年度印度棉花产量料增加<SPAN lang=EN-US>16%</SPAN>,至<SPAN lang=EN-US>3570</SPAN>万包,去年产量为<SPAN lang=EN-US>3080</SPAN>万包。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;3</SPAN>、<st1:chsdate w:st="on" Year="2010" Month="11" Day="16" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>11</SPAN>月<SPAN lang=EN-US>16</SPAN>日</st1:chsdate>,进口棉中国主港报价企稳,美棉、印度棉和中亚棉报价没有变化,只有西非棉、澳棉和巴西棉略有下跌。尽管国际期货价格在现货成交增多的带动下显露企稳迹象,但目前中国纺织企业仍以观望为主,等待行情进一步明朗,成交尚无明显变化。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>现货方面:棉花指数<SPAN lang=EN-US>328</SPAN>价格为<SPAN lang=EN-US>29407</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,较上一交易日下跌<SPAN lang=EN-US>509</SPAN>元<SPAN lang=EN-US>/</SPAN>吨。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>仓单库存:交易所注册仓单为<SPAN lang=EN-US>38</SPAN>张,较前一交易日增加<SPAN lang=EN-US>3</SPAN>张,有效预报为<SPAN lang=EN-US>63</SPAN>张。(每张对应棉花<SPAN lang=EN-US>40</SPAN>吨)。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>主产区天气:<SPAN lang=EN-US>11</SPAN>月上旬,新疆、黄河流域和长江流域大部棉花采摘完毕,部分处于吐絮采摘后期。预计未来<SPAN lang=EN-US>10</SPAN>天,影响我国的冷空气活动频繁,但势力不强。未来<SPAN lang=EN-US>10</SPAN>天,全国大部地区雨雪天气较少,利于秋收作物适时收晒。新疆北部降雪日数较多,部分地区还将有大雪或暴雪。<SPAN lang=EN-US>20-21</SPAN>日苏皖北部将出现小到中雨、局部大雨,河南、山东、广西将有小雨或阵雨。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>观点总结:美棉继续下跌,短期维持高位调整走势;据称发改委等部委可能出台一揽子控制物价上涨的措施,具体可能包括限价、价格补贴以及严惩囤积居奇等,尤其加大对炒作棉花和玉米行为的惩罚力度。政府政策调控对市场构成调整压力;现货价格继续下跌,山东魏桥连续下调皮棉价格,市场成交量锐减。郑棉<SPAN lang=EN-US>1105</SPAN>合约收于跌停,盘中短暂回升,但上方抛压较重,短线考验<SPAN lang=EN-US>25000</SPAN>一线支撑,延续高位调整格局。操作上,空单依托<SPAN lang=EN-US>5</SPAN>日线持有。<SPAN lang=EN-US><BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">2</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">谷物<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘:受需求疲软担忧打压,周三<SPAN lang=EN-US>CBOT</SPAN>玉米期货市场近月合约多数收低,没能守住盘初空头回补带来 的短暂价格反弹。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息方面:<SPAN lang=EN-US>1</SPAN>、阿根廷将发放<SPAN lang=EN-US>500</SPAN>万吨新作玉米出口许可<SPAN lang=EN-US>-</SPAN>消息人士;<SPAN lang=EN-US>2</SPAN>、<SPAN lang=EN-US>10/11</SPAN>年度澳大利亚小麦产量数据上调;<SPAN lang=EN-US>3</SPAN>、截止<st1:chsdate w:st="on" Year="2010" Month="11" Day="12" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>11</SPAN>月<SPAN lang=EN-US>12</SPAN>日</st1:chsdate>越南大米出口量增至<SPAN lang=EN-US>604</SPAN>万吨。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货方面:受包括玉米在内农产品期价格的连续大幅下挫影响,港口贸易商观望心理明显加重,北方港口玉米价格暂时保持平稳态势,但广东价格出现小幅回落行情。北方港口玉米平舱价格基本稳定在<SPAN lang=EN-US>2080 </SPAN>元<SPAN lang=EN-US>/</SPAN>吨;广东港口近期到货量有所增加,加上市场心态有所改变,采购企业观望心量增强,价格略有小幅回 落,港口玉米主流成交价在<SPAN lang=EN-US>2190</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,较前一日下跌<SPAN lang=EN-US>10</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,港口内库存在<SPAN lang=EN-US>23</SPAN>万吨左右;郑州强筋小麦 出库价<SPAN lang=EN-US>2320</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,持稳;江西九江早稻收购价<SPAN lang=EN-US>2000</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,水分≤<SPAN lang=EN-US>13.5%</SPAN>。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">库存方面:玉米仓单为<SPAN lang=EN-US>990</SPAN>张,郑州强麦仓单为<SPAN lang=EN-US>5516</SPAN>张,早籼稻仓单为<SPAN lang=EN-US>6110</SPAN>张。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">观点总结:受加大调控力度预期打压,<SPAN lang=EN-US>c1109</SPAN>合约封于跌停,但现货供需失衡进一步加剧,中长期上涨格局没变,短期维持震荡调整思路;政策施压,<SPAN lang=EN-US>WS1105</SPAN>合约重心下移,短期或延续震荡格局;在当前市场情绪不稳定的环境下,游离资金频繁进出早籼稻市场,建议投资者观望或日内短线交易。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">3<SPAN style="mso-spacerun: yes">&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">油脂:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘:周三<SPAN lang=EN-US>CBOT</SPAN>豆类产品期货市场跟随大豆收低,原油疲软及交易商削减风险头寸对豆油期价形成压 制,美豆油主力<SPAN lang=EN-US>12</SPAN>月合约收于<SPAN lang=EN-US>48.94</SPAN>美分<SPAN lang=EN-US>/</SPAN>磅。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息:德国油籽行业组织<SPAN lang=EN-US>Ufop</SPAN>称,<SPAN lang=EN-US>2011</SPAN>年度油菜籽产量料为<SPAN lang=EN-US>550-600</SPAN>万吨,大体持平于今年的<SPAN lang=EN-US>570</SPAN>万吨 。印度溶剂萃取商协会公布的数据显示,<st1:chsdate w:st="on" Year="2010" Month="10" Day="30" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>10</SPAN>月<SPAN lang=EN-US>30</SPAN>日</st1:chsdate>结束的<SPAN lang=EN-US>2009-10</SPAN>年度印度进口植物油<SPAN lang=EN-US>924</SPAN>万吨,创纪录高 位,较上年度增加<SPAN lang=EN-US>6.7%</SPAN>,因价格下滑提振需求。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货:油脂现货价格继续跟盘小幅下滑,沿海四级豆油约为<SPAN lang=EN-US>9600-10200</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;港口棕榈油报价集中在<SPAN lang=EN-US> 9000-9400</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;国内四级菜油出厂价格处于<SPAN lang=EN-US>10100-10600</SPAN>元<SPAN lang=EN-US>/</SPAN>吨水平。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">仓单:豆油,<SPAN lang=EN-US>5566</SPAN>张;棕榈油,<SPAN lang=EN-US>0</SPAN>张;菜油,<SPAN lang=EN-US>5800</SPAN>张;均无变化。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">观点总结:就目前的情况而言,油脂的基本面情况没有太大改变,牛市基础依然较好,但当前国家调控风险较大,投机资金出逃明显,预计短期期价仍将延续震荡回落,但不建议过分追空。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">4 </FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">粕豆</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">消息面:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">、巴西新豆销售率已经达到了</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">31%</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">,销售进度良好;并且目前播种进度完成了</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">61%</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">,赶上了去年的播种进度。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">2</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">、美豆期货商品基金继续平仓。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">外盘:美豆期价继续走低,基金延续平仓状态,但盘面期价触及低点后反弹令市场受到些许鼓舞。在豆类基本面仍旧良好的情况下,期价下跌受到抑制。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">国内现货:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN>1</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">、国产大豆价格坚挺,市场贸易商和油厂采购积极,但是农户看涨后市的预期较浓,惜售的心态较重,目前市场上收购价格能在</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1.9-1.94</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">元</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">斤。国产大豆总体的上涨势头未变。港口库存方面,近一段时间库存有所下滑,目前库存为</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">632</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">万吨左右。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">2</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">、豆粕现货价格继续走低,部分地区跌幅较大,目前有部分油厂报价在</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">3500</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">元</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">吨,但许多油厂价格已经报道了</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">3350-3400</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">元</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">吨。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">盘面分析:今天连盘豆类全线跌停,盘中跌停板虽有打开,但最终仍牢牢的停在跌停板上。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">操作建议:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman">&nbsp; </FONT></SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">外盘基金平仓压力逐步释放,昨天国内走出跌停,虽然下跌之势未尽,但后期将会逐步企稳。操作上,不宜新建多单,空单暂时持有,不增仓。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">5<SPAN style="mso-spacerun: yes">&nbsp; </SPAN></FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">白糖</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">外盘:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">尽管中国方面称为稳定市场和抑制价格上涨而拍卖储备糖对糖市形成了不小的压力,但受食糖市场供给继续偏紧的支撑,本周二</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">ICE</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">糖市原糖期货价格和伦敦糖市白糖期货价格经过急剧震荡后还是小幅上涨。当日</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1103</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">期约糖价上涨</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">16</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">个点(</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">+0.6%</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">),收于</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">26.47</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">美分</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">磅,盘中</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1003</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">期约糖价一度下探</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">25.30</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">美分</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">磅的低点,但也曾冲击了</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">27.23</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">美分</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">磅的高点,振幅近</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">2</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">美分</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">磅;</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1105</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">期约糖价同是上涨</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">23</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">个点(</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">+1%</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">),以</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">23.91</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">美分</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">磅报收。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">基本面消息:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">、泰国新制糖年食糖出口量或下降</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">5% <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">2</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">、印度:食糖出口决策取决于月底的产量数据</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">国内现货:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">国内现货小幅下调,南宁报</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">7250</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">元</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">吨(旧糖)。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">库存仓单(张):</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1040</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">,有效预报</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">900</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">国内主产区天气:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">两天内,百色、河池、柳州、桂林等市阴天,部分地区有小雨,我区其它地区多云到阴。</SPAN><SPAN style="FONT-SIZE: 12pt"><FONT face="Times New Roman"> </FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">南宁市:今天白天到晚上,多云,偏东风</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">到</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">2</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">级,最高气温</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">26</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">℃,最低气温</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">16</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">℃。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">郑糖盘面:</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">技术上,郑糖</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">1109</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">合约继续大幅低开回落调整,但</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">6200</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">元</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><FONT face="Times New Roman">/</FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">吨下方买盘支撑较强,短期不宜过度看空,预计整理充分后将存</SPAN><SPAN style="FONT-SIZE: 12pt"><FONT face="Times New Roman"> </FONT></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-hansi-font-family: ''Times New Roman''; mso-ascii-font-family: ''Times New Roman''">在反弹可能投资者可短线逢低买多。</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">金属产品<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">1</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">锌、铝交易提示<SPAN lang=EN-US><BR></SPAN>外盘:隔夜,伦锌盘中出现回升,收缩跌幅,电<SPAN lang=EN-US>3</SPAN>合约收报于<SPAN lang=EN-US>2117</SPAN>美元,跌幅<SPAN lang=EN-US>1.53%</SPAN>;伦铝探低回升,日线收阳,电<SPAN lang=EN-US>3</SPAN>合约收报于<SPAN lang=EN-US>2278</SPAN>美元,涨幅<SPAN lang=EN-US>0.98%</SPAN>。<SPAN lang=EN-US><BR></SPAN>内外盘比价情况:锌内外比价最高<SPAN lang=EN-US>8.82</SPAN>,最低<SPAN lang=EN-US>8.28</SPAN>,铝内外比价位于<SPAN lang=EN-US>6.89-7.3</SPAN>之间。<SPAN lang=EN-US><BR></SPAN>消息方面:<SPAN lang=EN-US>1.</SPAN>美<SPAN lang=EN-US>10</SPAN>月新屋开工数降幅超预期<SPAN lang=EN-US>&nbsp;2.</SPAN>世界金属统计局<SPAN lang=EN-US>:</SPAN>全球前<SPAN lang=EN-US>9</SPAN>个月锌市供应过剩<SPAN lang=EN-US>29.2</SPAN>万吨<SPAN lang=EN-US><BR></SPAN>现货方面:上海现货<SPAN lang=EN-US>0#</SPAN>锌报<SPAN lang=EN-US>17000-17100</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,暴跌<SPAN lang=EN-US>1000</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,贴水<SPAN lang=EN-US>660-</SPAN>贴水<SPAN lang=EN-US>560</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;<SPAN lang=EN-US>1#</SPAN>锌报<SPAN lang=EN-US>16950-17050</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,跌<SPAN lang=EN-US>1000</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,贴水<SPAN lang=EN-US>710-</SPAN>贴水<SPAN lang=EN-US>610</SPAN>元<SPAN lang=EN-US>/</SPAN>吨。<SPAN lang=EN-US>A00&nbsp;</SPAN>铝报在<SPAN lang=EN-US>15980-16020</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,跌<SPAN lang=EN-US>380</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,升水<SPAN lang=EN-US>30</SPAN>元<SPAN lang=EN-US>/</SPAN>吨<SPAN lang=EN-US>-</SPAN>升水<SPAN lang=EN-US>70</SPAN>元<SPAN lang=EN-US>/</SPAN>吨。<SPAN lang=EN-US><BR></SPAN>库存方面:<SPAN lang=EN-US>LME</SPAN>锌库存为<SPAN lang=EN-US>632075</SPAN>吨,较上交易日增加<SPAN lang=EN-US>675</SPAN>吨,上海交易所锌期货库存为<SPAN lang=EN-US>217782</SPAN>吨,维持不变;<SPAN lang=EN-US>LME</SPAN>铝库存为<SPAN lang=EN-US>4305900</SPAN>吨,较上交易日增加<SPAN lang=EN-US>6775</SPAN>吨,上海交易所铝期货库存为<SPAN lang=EN-US>364150</SPAN>吨,减少<SPAN lang=EN-US>3003</SPAN>吨。<SPAN lang=EN-US><BR></SPAN>观点总结:基本面上,锌铝供求过剩格局未改,现货市场成交清淡。资金面上,沪锌主力合约前<SPAN lang=EN-US>20</SPAN>名净净空单在<SPAN lang=EN-US>1.3</SPAN>万手左右;沪铝前<SPAN lang=EN-US>20</SPAN>名空头持仓出现明显减仓,净空单回到<SPAN lang=EN-US>1</SPAN>万手以内。技术显示,市场展开回调,短线料将维持跌势。操作建议:沪锌空单持有;沪铝空单持有。<SPAN lang=EN-US><BR><BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">2 </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">铜<SPAN lang=EN-US><BR></SPAN>外盘:隔夜伦铜波动剧烈,最低探至<SPAN lang=EN-US>7920</SPAN>,为<st1:chsdate w:st="on" Year="2010" Month="9" Day="29" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>9</SPAN>月<SPAN lang=EN-US>29</SPAN>日</st1:chsdate>以来的低点。下午<SPAN lang=EN-US>17</SPAN>:<SPAN lang=EN-US>00</SPAN>在美元走软的刺激下,自低位反弹,尾盘收复全部跌幅涨<SPAN lang=EN-US>0.05%</SPAN>至<SPAN lang=EN-US>8205.</SPAN>目前铜价收于<SPAN lang=EN-US>60</SPAN>日均线之上,中期看涨趋势并未改变。<SPAN lang=EN-US><BR></SPAN>消息方面:<SPAN lang=EN-US>1.</SPAN>智利<SPAN lang=EN-US>Collahuasi</SPAN>铜矿罢工进入第<SPAN lang=EN-US>13</SPAN>天,产量依然正常。<SPAN lang=EN-US>2.</SPAN>美国<SPAN lang=EN-US>10</SPAN>月新屋开工下滑<SPAN lang=EN-US>11.7%</SPAN>,年率为<SPAN lang=EN-US>51.9</SPAN>万户,创下<SPAN lang=EN-US>09</SPAN>年<SPAN lang=EN-US>4</SPAN>月以来的最低。<SPAN lang=EN-US><BR></SPAN>现货方面:上海金属网铜现货报价为<SPAN lang=EN-US>61650-62000</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,下跌<SPAN lang=EN-US>2900</SPAN>,升水<SPAN lang=EN-US>50</SPAN>,表明期货下跌幅度超过现货;内外比价为<SPAN lang=EN-US>7.57-7.62</SPAN>,在下跌行情中,比值大幅走低,表明内盘跟跌意愿亦较强。<SPAN lang=EN-US><BR></SPAN>库存:<st1:chsdate w:st="on" Year="2010" Month="11" Day="17" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>11</SPAN>月<SPAN lang=EN-US>17</SPAN>日</st1:chsdate><SPAN lang=EN-US>LME</SPAN>铜库存减少<SPAN lang=EN-US>850</SPAN>吨至<SPAN lang=EN-US>361125</SPAN>吨,注销仓单占库存比为<SPAN lang=EN-US>9.69%</SPAN>,较昨日小幅增加,据历史数据显示,注销仓单占比在<SPAN lang=EN-US>5%</SPAN>之下的话,伦铜库存增加的可能性较大,目前的水平表明库存还将有减少的空间。<SPAN lang=EN-US><BR></SPAN>观点总结:隔夜伦铜探底回升,因美元走软提振。昨日美元房屋数据差于预期,再次提醒市场美国经济并未走稳,美元指数受到打压。另外昨日伦铜库存继续减少,虽然目前市场的焦点并不在此,但待市场企稳后,将回归到基本面中。此次期铜以急跌的形势进行回调,预计会有大量买盘介入,昨日的走势表明已有买盘介入。建议投资者耐心等待做多的机会,下方继续关注期铜<SPAN lang=EN-US>60</SPAN>日均线的支撑。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">3<SPAN style="mso-spacerun: yes">&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">钢材<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货市场:<st1:chmetcnv w:st="on" UnitName="mm" SourceValue="8" HasSpace="False" Negative="False" NumberType="1" TCSC="0"><SPAN lang=EN-US>8mm</SPAN></st1:chmetcnv><SPAN lang=EN-US> Q235</SPAN>高线上海报价<SPAN lang=EN-US>4580</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,持平,<st1:chmetcnv w:st="on" UnitName="mm" SourceValue="20" HasSpace="False" Negative="False" NumberType="1" TCSC="0"><SPAN lang=EN-US>20mm</SPAN></st1:chmetcnv><SPAN lang=EN-US> HRB400</SPAN>螺纹钢上海报价<SPAN lang=EN-US>4720</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,持平<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息:<SPAN lang=EN-US>(1) </SPAN>温家宝:国务院正拟定措施抑制价格过快上涨<SPAN lang=EN-US>(2) </SPAN>周小川强调“有效性” 推高加息预期<SPAN lang=EN-US>(3) </SPAN>保障房商品房争地忧 双双推高地价<SPAN lang=EN-US>(4) </SPAN>印度粉矿<st1:chsdate w:st="on" Year="2010" Month="11" Day="17" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>11</SPAN>月<SPAN lang=EN-US>17</SPAN>日</st1:chsdate><SPAN lang=EN-US>CIF</SPAN>参考报价<SPAN lang=EN-US>167-169</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">库存:上海交易所螺纹钢仓单日报为<SPAN lang=EN-US>56396</SPAN>,持平。线材仓单日报为<SPAN lang=EN-US>0</SPAN>,持平。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><SPAN style="mso-spacerun: yes">&nbsp;&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">小结:周三<SPAN lang=EN-US>RB1105</SPAN>合约继续回落,目前整个商品市场仍处回调阶段,<SPAN lang=EN-US>RB1105</SPAN>合约显得较为抗跌但市场氛围对他的压力不小,短线关注<SPAN lang=EN-US>4500</SPAN>附近支撑力度,前期空单止赢移至<SPAN lang=EN-US>4600</SPAN>。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">4</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">黄金<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘:隔夜黄金仅小幅走低,跌幅明显放缓,因美元走软提振,其中<SPAN lang=EN-US>COMEX12</SPAN>月黄金跌<SPAN lang=EN-US>0.15%</SPAN>至<SPAN lang=EN-US>1336.9.</SPAN>目前仍旧运行于<SPAN lang=EN-US>60</SPAN>日均线之上,中期上涨趋势继续存在<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息方面:<SPAN lang=EN-US>1. </SPAN>美国<SPAN lang=EN-US>10</SPAN>月新屋开工下滑<SPAN lang=EN-US>11.7%</SPAN>,年率为<SPAN lang=EN-US>51.9</SPAN>万户,创下<SPAN lang=EN-US>09</SPAN>年<SPAN lang=EN-US>4</SPAN>月以来的最低。<SPAN lang=EN-US>2.11</SPAN>月<SPAN lang=EN-US>17</SPAN>日,<SPAN lang=EN-US>SPDR</SPAN>基金黄金持有量继续持平于<SPAN lang=EN-US>1290.86</SPAN>吨。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货方面:上海黄金<SPAN lang=EN-US>9999</SPAN>报<SPAN lang=EN-US>290.1</SPAN>元<SPAN lang=EN-US>/</SPAN>克,下跌<SPAN lang=EN-US>0.3</SPAN>元<SPAN lang=EN-US>/</SPAN>克,跌幅为<SPAN lang=EN-US>0.1 % <o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">观点总结:隔夜黄金小幅下跌,跌幅明显放缓,因美元走软提振。昨日疲软的美国房屋数据给美元指数带来压力,欧盟对爱尔兰施以援助减缓了市场的担忧情绪,美元上涨缺乏动力。在美元无力反弹下,金价有望企稳。另外在全球通胀的预期之下,黄金作为一种抗通胀的商品,其投资需求依旧较高,任何一次的回调均是提供买入的机会,金价如能收于<SPAN lang=EN-US>1350</SPAN>之上,可轻仓介入做多。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">化工品<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">1</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">天然橡胶<SPAN lang=EN-US><BR></SPAN>国际市场:<SPAN lang=EN-US><BR><st1:chsdate w:st="on" Year="2010" Month="11" Day="17" IsLunarDate="False" IsROCDate="False">11<SPAN lang=EN-US><SPAN lang=EN-US>月17</SPAN></SPAN><SPAN lang=EN-US><SPAN lang=EN-US>日</SPAN></SPAN></st1:chsdate><SPAN lang=EN-US>,美国原油和汽油库存水平意外下降未能驱散市场对全球石油需求的担忧情绪,纽约商业交易所NYMEX</SPAN></SPAN>十二月原油期货结算价跌<SPAN lang=EN-US>1.90</SPAN>美元,至每桶<SPAN lang=EN-US>80.44</SPAN>美元,跌幅<SPAN lang=EN-US>2.3%</SPAN>。<SPAN lang=EN-US><BR>TOCOM</SPAN>橡胶期货<SPAN lang=EN-US>17</SPAN>日收盘走低,因中国或加息抑制通胀的担忧情绪降低了商品需求。<SPAN lang=EN-US>TOCOM&nbsp;4</SPAN>月橡胶期货收于<SPAN lang=EN-US>353.5</SPAN>日圆<SPAN lang=EN-US>/</SPAN>千克。<SPAN lang=EN-US><BR></SPAN>期货方面<SPAN lang=EN-US><BR></SPAN>上期所库存<SPAN lang=EN-US>47010</SPAN>吨,增减<SPAN lang=EN-US>600</SPAN>吨<SPAN lang=EN-US><BR></SPAN>沪胶跌停报收<SPAN lang=EN-US><BR></SPAN>现货方面:<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>上海国产全乳胶报价全面下滑至<SPAN lang=EN-US>31500-31800</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;国储<SPAN lang=EN-US>3#</SPAN>烟片胶<SPAN lang=EN-US>33200</SPAN>元<SPAN lang=EN-US>/</SPAN>吨<SPAN lang=EN-US><BR></SPAN>观点总结:沪胶本次超买回调过程中,逢小反弹空头积极回补,气势上不断打压胶价,在接连跌停的情况下,第二档支撑<SPAN lang=EN-US>32100</SPAN>点不排除击破可能,但建议投资者空单可逢低减仓,等待企稳中期买入机遇。<SPAN lang=EN-US><BR><BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">2 PTA<BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息面:<SPAN lang=EN-US>1</SPAN>、<SPAN lang=EN-US>NYMEX</SPAN>原油继续下跌,受全球需求忧虑拖累。<SPAN lang=EN-US>NYMEX&nbsp;12</SPAN>月原油期货下跌<SPAN lang=EN-US>1.9</SPAN>美元,报收<SPAN lang=EN-US>80.44</SPAN>美元<SPAN lang=EN-US>/</SPAN>桶。<SPAN lang=EN-US>2</SPAN>、台湾东帝士产能<SPAN lang=EN-US>44</SPAN>万吨<SPAN lang=EN-US>/</SPAN>年的<SPAN lang=EN-US>PTA</SPAN>装置于<st1:chsdate w:st="on" Year="2010" Month="11" Day="1" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>11</SPAN>月<SPAN lang=EN-US>1</SPAN>日</st1:chsdate>停车,按计划进行为期<SPAN lang=EN-US>3</SPAN>周的例行检修。目前装置检修施工进展顺利,可按计划开车重启。<SPAN lang=EN-US>&nbsp;3</SPAN>、江浙地区主流工厂涤丝重心多数稳定,部分工厂报价偏高下调一至两百,局部地区部分工厂<SPAN lang=EN-US>POY</SPAN>畅销品种报价上调两百左右。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>现货价格:华东<SPAN lang=EN-US>PTA</SPAN>市场气氛清淡,现货市场报盘在<SPAN lang=EN-US>9600</SPAN>元<SPAN lang=EN-US>/</SPAN>吨附近,市场买方拿货谨慎,商谈重心在<SPAN lang=EN-US>9400-9500</SPAN>元<SPAN lang=EN-US>/</SPAN>吨附近,实盘稀少亚洲<SPAN lang=EN-US>PTA</SPAN>市场平淡观望,市场少量台货报盘在<SPAN lang=EN-US>1180</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨,实际商谈在<SPAN lang=EN-US>1160-1170</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨展开,韩产现货商谈在<SPAN lang=EN-US>1150-1155</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨左右,市场成交稀少。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>库存数据:交易所仓单为<SPAN lang=EN-US>22931</SPAN>张,较前一交易日减少<SPAN lang=EN-US>40</SPAN>张,有效预报<SPAN lang=EN-US>857</SPAN>张。<SPAN lang=EN-US><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN>观点总结:国内政策紧缩预期加强以及美元反弹令商品市场继续承压调整,原油以及<SPAN lang=EN-US>PX</SPAN>下跌加剧<SPAN lang=EN-US>PTA</SPAN>市场抛压;国内现货报价下调,交投气氛清淡。江浙地区主流工厂涤丝重心多数稳定,有光切片市场维持观望,市场整体交投一般。<SPAN lang=EN-US>PTA1105</SPAN>合约收于跌停,下方进一步考验<SPAN lang=EN-US>9500</SPAN>一线支撑;短线延续调整走势。操作上,依托<SPAN lang=EN-US>5</SPAN>日线空单持有。<SPAN lang=EN-US><BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">3<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>LLDPE<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息面:<SPAN lang=EN-US>1</SPAN>、中石化华北<SPAN lang=EN-US>LLDPE</SPAN>挂牌价大降,齐鲁石化<SPAN lang=EN-US>7042</SPAN>膜料调至<SPAN lang=EN-US>12000</SPAN>元;<SPAN lang=EN-US>2</SPAN>、上海进口料报价继续下滑,市场心态低迷观望成主导,成交表现疲软。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货市场:<SPAN lang=EN-US>17</SPAN>日现货价格普遍下跌。扬子石化<SPAN lang=EN-US>DFDA-7042</SPAN>报<SPAN lang=EN-US>12000</SPAN>元,与上一交易日持平。市场观望气氛浓重,交投清淡。亚洲乙烯走势不一,东北亚持平,报<SPAN lang=EN-US>980</SPAN>——<SPAN lang=EN-US>982</SPAN>美元,东南亚报<SPAN lang=EN-US>958</SPAN>——<SPAN lang=EN-US>950</SPAN>美元,略有提升,气氛稍好。终端用户库存充裕,没有购买欲望。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">仓单库存:交易所仓单报<SPAN lang=EN-US>26581</SPAN>张,较昨日减少<SPAN lang=EN-US>24</SPAN>张。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">观点总结:连塑<SPAN lang=EN-US>1105</SPAN>合约收于跌停,盘中跌停板短暂打开,但抛压较重,市场维持弱势调整。基本面上,货币政策再度收紧,加息预期压制市场,亚洲乙烯弱势运行又加重市场担忧,中石化华北<SPAN lang=EN-US>LLDPE</SPAN>挂牌价大降。预计连塑短期将延续调整走势,下方将考验<SPAN lang=EN-US>60</SPAN>日线支撑,下行力度将有所减缓。操作上,投资者手中空单可继续持有,短线以日内交易为主。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">4<SPAN style="mso-spacerun: yes">&nbsp; </SPAN>PVC<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息面:<SPAN lang=EN-US>1</SPAN>、全国首个百万吨聚氯乙烯综合利用项目已于神木投产;<SPAN lang=EN-US>2</SPAN>、宁夏英力特<SPAN lang=EN-US>PVC</SPAN>装置开工正常,报价调降,<SPAN lang=EN-US>5</SPAN>型电石料出厂报<SPAN lang=EN-US>8300</SPAN>元<SPAN lang=EN-US>/</SPAN>吨现汇,外销华东出库报<SPAN lang=EN-US>8750</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,成交一般。<SPAN lang=EN-US>3</SPAN>、<SPAN lang=EN-US>2010</SPAN>年<SPAN lang=EN-US>10</SPAN>月国内电石总产量为<SPAN lang=EN-US>116</SPAN>万吨,与<SPAN lang=EN-US>9</SPAN>月份的<SPAN lang=EN-US>115</SPAN>万吨基本持平。较去年同期同比下降<SPAN lang=EN-US>11%</SPAN>。<SPAN lang=EN-US>1-10</SPAN>月份累计产量为<SPAN lang=EN-US>1252</SPAN>万吨,较去年同比增长<SPAN lang=EN-US>4.7%</SPAN>。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货市场:<SPAN lang=EN-US>17</SPAN>日<SPAN lang=EN-US>PVC</SPAN>现货价走势不一,华东地区乙烯法<SPAN lang=EN-US>PVC</SPAN>报<SPAN lang=EN-US>8950</SPAN>元,继续保持平稳,电石法<SPAN lang=EN-US>PVC</SPAN>报<SPAN lang=EN-US>8650</SPAN>元,较上一交易日回落<SPAN lang=EN-US>50</SPAN>元。市场交投一般。电石价格则继续走高。西北电石报<SPAN lang=EN-US>4050</SPAN>元,涨<SPAN lang=EN-US>100</SPAN>元,华东电石报<SPAN lang=EN-US>4450</SPAN>元,持平。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">仓单库存:交易所仓单报<SPAN lang=EN-US>1796</SPAN>张,较昨日减少<SPAN lang=EN-US>5</SPAN>张。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">观点总结:<SPAN lang=EN-US> PVC1105</SPAN>合约收于跌停,持仓出现减少。基本面上,欧洲主权债务危机加之亚洲加息,国际油价重挫<SPAN lang=EN-US>3%</SPAN>而跌至半个月来最低点;国内货币政策进一步收紧,加息预期令市场抛压加剧,需求减弱也对<SPAN lang=EN-US>PVC</SPAN>的反弹形成压力。预计短期<SPAN lang=EN-US>PVC</SPAN>仍面临调整压力,下方测试<SPAN lang=EN-US>8000</SPAN>关口支撑力度。操作上,反弹抛空思路,以日内交易为宜。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p>&nbsp;</o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">5<SPAN style="mso-spacerun: yes">&nbsp; </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">燃料油<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">国际市场:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><st1:chsdate w:st="on" Year="2010" Month="11" Day="17" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">11</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">月<SPAN lang=EN-US>17</SPAN>日</SPAN></st1:chsdate><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">,美国原油和汽油库存水平意外下降未能驱散市场对全球石油需求的担忧情绪,纽约商业交易所<SPAN lang=EN-US>(NYMEX)</SPAN>原油期货跌至近一个月来的最低水平。<SPAN lang=EN-US>NYMEX</SPAN>十二月原油期货结算价跌<SPAN lang=EN-US>1.90</SPAN>美元,至每桶<SPAN lang=EN-US>80.44</SPAN>美元,跌幅<SPAN lang=EN-US>2.3%</SPAN>。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息新闻:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">EIA</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">:截至<st1:chsdate w:st="on" Year="2010" Month="11" Day="12" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>11</SPAN>月<SPAN lang=EN-US>12</SPAN>日</st1:chsdate>当周美国的原油库存下降<SPAN lang=EN-US>730</SPAN>万桶,创<SPAN lang=EN-US>15</SPAN>个月来的最大单周降幅<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">发改委或将针对物价上涨出台系列措施<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">期货方面:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">上期所库存<SPAN lang=EN-US>371600</SPAN>吨,增加<SPAN lang=EN-US>4000</SPAN>吨<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货方面:<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">华南地区渣油市场出货情况不容乐观<SPAN lang=EN-US>,</SPAN>而非标油市场处于供不应求状态<SPAN lang=EN-US>,</SPAN>混调油方面受成本高位支撑报价多以稳抗跌<SPAN lang=EN-US>,</SPAN>后市有下滑的可能。华南混调油最新交易估价:船用混调<SPAN lang=EN-US>180</SPAN>交易过驳价至<SPAN lang=EN-US>4560-4570</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;库提价<SPAN lang=EN-US>4570-4580</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,均价持平,国产锅炉用混调<SPAN lang=EN-US>180CST</SPAN>交易价至<SPAN lang=EN-US>4400-4450</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,均价持平<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">观点总结:近期债务危机席卷重来,国际油价一路下探,燃料油期货市场也幸免于难,但基本面现货抗跌性较强,建议投资者<SPAN lang=EN-US>60</SPAN>日均线附近空单逢低坚持,等待企稳中期买入时机。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 12pt"><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-famil
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