<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center" align=center><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><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; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p> </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">金属产品</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">铜<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:隔夜伦铜稳步上扬,并再次刷新历史新高,最高触及<SPAN lang=EN-US>9392</SPAN>,尾盘小幅回落至<SPAN lang=EN-US>9365</SPAN>,铜价再次受到供应忧虑和中国进口数据强劲提振。目前处于均线之上运行,走势较强。<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">消息方面:<SPAN lang=EN-US>1.</SPAN>中国<SPAN lang=EN-US>11</SPAN>月精炼铜进口<SPAN lang=EN-US>232298</SPAN>吨,环比增长<SPAN lang=EN-US>37%</SPAN>,同比增长<SPAN lang=EN-US>19%</SPAN>。<SPAN lang=EN-US>2.</SPAN>穆迪将葡萄牙<SPAN lang=EN-US>A1/P-1</SPAN>评级列入可能下调的观察名单,惠誉亦将希腊<SPAN lang=EN-US>BBB</SPAN>长期外币和本币评级列入负面观察名单。<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:上海现铜报<SPAN lang=EN-US>67350-67950</SPAN>元,下跌<SPAN lang=EN-US>250</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,贴水<SPAN lang=EN-US>325</SPAN>;内外比价为<SPAN lang=EN-US>7.45-7.52</SPAN>,继续处于低位震荡,表明内盘走势依旧较弱。<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">库存:<SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>21</SPAN>日<SPAN lang=EN-US>LME</SPAN>铜库存增加<SPAN lang=EN-US>150</SPAN>吨至<SPAN lang=EN-US>362725</SPAN>吨,注销仓单占库存比为<SPAN lang=EN-US>4.6%</SPAN>,近期伦铜库存连续第七日增加,总计增加<SPAN lang=EN-US>14050</SPAN>,目前注销仓单处于<SPAN lang=EN-US>5%</SPAN>之下,暗示库存增加势头有望延续。<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:隔夜伦铜大幅上扬,并再次刷新历史新高,主要受<SPAN lang=EN-US>11</SPAN>月中国强劲的铜进口数据和智利铜供应忧虑提振;<SPAN lang=EN-US>21</SPAN>日沪铜日内波动较剧烈,演绎大涨大跌的过山车行情。近期铜价关注智利铜的供应忧虑而忽略了美元走势和伦铜库存的增加,铜价有虚高嫌疑,而且本周五为欧美圣诞假期,节前投资者有获利了结需求,因此铜价走高后存在回调可能,今日沪铜料开于<SPAN lang=EN-US>69800</SPAN>附近,在冲击<SPAN lang=EN-US>70000</SPAN>之后料面临整数关口的压力,建议投资者保持谨慎看多。<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> </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">2<SPAN style="mso-spacerun: yes"> </SPAN></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 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘:隔夜黄金自高位回落,但尾盘仍收于平盘之上,其中<SPAN lang=EN-US>COMEX12</SPAN>黄金上涨<SPAN lang=EN-US>0.19%</SPAN>至<SPAN lang=EN-US>1388.2</SPAN>美元<SPAN lang=EN-US>/</SPAN>盎司,昨日欧债危机再起波澜,一定程度上抵消了欧美圣诞假期对金价的负面影响。<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">消息方面:<SPAN lang=EN-US>1.IMF</SPAN>称完成出售<SPAN lang=EN-US>403.3</SPAN>吨黄金的计划<SPAN lang=EN-US>.2.12</SPAN>月<SPAN lang=EN-US>21</SPAN>日<SPAN lang=EN-US>SPDR</SPAN>基金黄金持有量减少<SPAN lang=EN-US>0.9</SPAN>吨至<SPAN lang=EN-US>1298.03</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:上海黄金<SPAN lang=EN-US>9999</SPAN>报<SPAN lang=EN-US>298.8</SPAN>元<SPAN lang=EN-US>/</SPAN>克,上涨<SPAN lang=EN-US>0.8</SPAN>元<SPAN lang=EN-US>/</SPAN>克,涨幅为<SPAN lang=EN-US>0.27% <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:隔夜黄金受欧债危机的影响而小幅走高,但<SPAN lang=EN-US>IMF</SPAN>出售黄金和欧美圣诞假期的到来使得金价成交相对清淡,金价较难有大行情,总体维持震荡格局,近期方向十分不明,震荡有所加剧,建议投资者以观望为主。<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> </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><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">锌、铝<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:隔夜,伦锌明显上涨,期价突破均线压制,电<SPAN lang=EN-US>3</SPAN>合约收报于<SPAN lang=EN-US>2330</SPAN>美元,涨幅<SPAN lang=EN-US>1.74%</SPAN>;伦铝放量突破,创出近期新高,电<SPAN lang=EN-US>3</SPAN>合约收报于<SPAN lang=EN-US>2428</SPAN>美元,涨幅<SPAN lang=EN-US>2.62%</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">内外盘比价情况:锌内外比价最高<SPAN lang=EN-US>8.3</SPAN>,最低<SPAN lang=EN-US>8.11</SPAN>,铝内外比价位于<SPAN lang=EN-US>6.82-7.03</SPAN>之间。<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">消息方面:<SPAN lang=EN-US>1.</SPAN>海关总署<SPAN lang=EN-US>:</SPAN>中国<SPAN lang=EN-US>11</SPAN>月未锻轧锌进口<SPAN lang=EN-US>3.57</SPAN>万吨<SPAN lang=EN-US>2.</SPAN>海关总署<SPAN lang=EN-US>:</SPAN>中国<SPAN lang=EN-US>11</SPAN>月未锻轧的非合金铝进口<SPAN lang=EN-US>1.80</SPAN>万吨<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:上海现货<SPAN lang=EN-US>0#</SPAN>锌报<SPAN lang=EN-US>18150-18250</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,上涨<SPAN lang=EN-US>150</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,贴水<SPAN lang=EN-US>730-</SPAN>贴水<SPAN lang=EN-US>630</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;<SPAN lang=EN-US>1#</SPAN>锌报<SPAN lang=EN-US>18100-18200</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,涨<SPAN lang=EN-US>150</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,贴水<SPAN lang=EN-US>780-</SPAN>贴水<SPAN lang=EN-US>680</SPAN>元<SPAN lang=EN-US>/</SPAN>吨。<SPAN lang=EN-US>A00 </SPAN>铝报在<SPAN lang=EN-US>16120-16140</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,下跌<SPAN lang=EN-US>50</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,贴水<SPAN lang=EN-US>150-</SPAN>贴水<SPAN lang=EN-US>130</SPAN>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 12pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">库存方面:<SPAN lang=EN-US>LME</SPAN>锌库存为<SPAN lang=EN-US>699175</SPAN>吨,较上交易日增加<SPAN lang=EN-US>225</SPAN>吨,上海交易所锌期货库存为<SPAN lang=EN-US>225866</SPAN>吨,增加<SPAN lang=EN-US>177</SPAN>吨;<SPAN lang=EN-US>LME</SPAN>铝库存为<SPAN lang=EN-US>4279575</SPAN>吨,较上交易日减少<SPAN lang=EN-US>3325</SPAN>吨,上海交易所铝期货库存为<SPAN lang=EN-US>306928</SPAN>吨,减少<SPAN lang=EN-US>2810</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">观点总结:基本面上,供求过剩的局面尚未改变。资金面上,沪铝主力合约前<SPAN lang=EN-US>20</SPAN>名净空单维持在<SPAN lang=EN-US>8000</SPAN>手以上;沪锌前<SPAN lang=EN-US>20</SPAN>名净空单增加至<SPAN lang=EN-US>1.6</SPAN>万手以上。技术显示,市场走势延续震荡,缺乏方向信号。操作建议:沪锌日内交易;沪铝暂时观望。<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> </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><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 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"> </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>4750</SPAN>,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>4860</SPAN>,持平<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"> </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>大部分钢厂复产 贸易商“补货”<SPAN lang=EN-US>(2) </SPAN>鞍钢首钢明年<SPAN lang=EN-US>1</SPAN>月价格跟涨<SPAN lang=EN-US>(3) </SPAN>国土部遏制高价拿地 中国土地调控再度加码<SPAN lang=EN-US>(4) </SPAN>印度<SPAN lang=EN-US>63.5%</SPAN>粉矿<st1:chsdate w:st="on" Year="2010" Month="12" Day="21" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>21</SPAN>日</st1:chsdate><SPAN lang=EN-US>CIF</SPAN>参考报价<SPAN lang=EN-US>175-177</SPAN>美元<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 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"> </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>32964</SPAN>手,减持<SPAN lang=EN-US>4736</SPAN>手。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 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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">小结:周二<SPAN lang=EN-US>RB1105</SPAN>合约重心继续上移。目前原材料价格上涨,推动建筑钢材的生产成本缓慢上行,钢厂出厂价纷纷上调,支撑位置也逐渐上移。而如今价格的高企,也扰乱了商家的常规操作,致使有冬储计划的商家,一再延后此项操作。操作上建议,维持震荡偏多思维。<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> </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"> </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-ascii-font-family: ''Times New Roman''; mso-hansi-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; TEXT-ALIGN: center" align=center><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><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">1</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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘:阿根廷气候问题持续,<SPAN lang=EN-US>CBOT</SPAN>玉米期价<st1:chsdate w:st="on" Year="2010" Month="12" Day="21" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>21</SPAN>日</st1:chsdate>收升。<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"> </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>、<st1:chsdate w:st="on" Year="2010" Month="12" Day="21" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>21</SPAN>日</st1:chsdate>国家临时存储<SPAN lang=EN-US>(</SPAN>含中央储备<SPAN lang=EN-US>)</SPAN>玉米交易成交率<SPAN lang=EN-US>4.3%</SPAN>;<SPAN lang=EN-US>2</SPAN>、阿根廷已批准近半的<SPAN lang=EN-US> 2010/11</SPAN>年度小麦出口许可证;<SPAN lang=EN-US>3</SPAN>、江西新余市晚籼稻收购价略有上涨。<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"> </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:目前东北港口市场玉米价格相对平稳,大连港内玉米平舱价<SPAN lang=EN-US>2060-2070</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,水分<SPAN lang=EN-US>14%</SPAN>,黑龙江新玉米到港价在<SPAN lang=EN-US>2020</SPAN>元<SPAN lang=EN-US>/</SPAN>吨上下,锦州港玉米平舱价在<SPAN lang=EN-US>2070</SPAN>元<SPAN lang=EN-US>/</SPAN>吨上下,均较前一日基本持平,但市场 成交依然偏淡;广东港口玉米价格走势相对坚挺,港内质量较好的新玉米报价在<SPAN lang=EN-US>2160-2180</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,陈玉米 报价<SPAN lang=EN-US>2180-2200</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,最高报价<SPAN lang=EN-US>2220</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,均较前一日大致持平,近几日港口仍无新船到货,港内玉米库存约在<SPAN lang=EN-US>22</SPAN>万吨左右;郑州强筋小麦出库价<SPAN lang=EN-US>2370</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,持平;江西九江早稻收购价<SPAN lang=EN-US>2080</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"> </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>1038</SPAN>张,郑州强麦仓单为<SPAN lang=EN-US>6688</SPAN>张,早籼稻仓单为<SPAN lang=EN-US>6213</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"> </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:现货保持坚挺支撑期货价格,但短期政策压力犹存,建议震荡思路对待;<SPAN lang=EN-US>WS1109</SPAN>合约上行动能不足,下方中长期均线支撑,短期或延续高位震荡;<SPAN lang=EN-US>ER1105</SPAN>合约下方<SPAN lang=EN-US>2300</SPAN>一线支撑较好,但上方空间受到限制,建议观望或震荡思路对待。<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> </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">2 </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><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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘走势:<SPAN lang=EN-US>ICE</SPAN>期棉再度触及涨停限制且收在历史高位,此番上涨受到投机性买盘和供给紧张推动。<SPAN lang=EN-US>3</SPAN>月棉花上涨<SPAN lang=EN-US>5</SPAN>美分,收报每磅<SPAN lang=EN-US>159.12</SPAN>美分。<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"><SPAN style="mso-spacerun: yes"> </SPAN>1</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、印度国营棉花公司称,印度<SPAN lang=EN-US>2010/11</SPAN>市场年度现货市场的国内棉花到货量迄今同比增加<SPAN lang=EN-US>1.9%</SPAN>,因产量增加以及天气转为干燥之后收割加速。该公司周一称,截至<st1:chsdate w:st="on" Year="2010" Month="12" Day="19" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>19</SPAN>日</st1:chsdate>,棉花到货量为<SPAN lang=EN-US>1019</SPAN>万包(<SPAN lang=EN-US>170</SPAN>公斤<SPAN lang=EN-US>/</SPAN>包),去年同期为<SPAN lang=EN-US>1000</SPAN>万包。行业和政府官员已表示,印度在<SPAN lang=EN-US>2010/11</SPAN>年度可能生产逾<SPAN lang=EN-US>3250</SPAN>万包棉花,超过去年的<SPAN lang=EN-US>2950</SPAN>万包。<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"> </SPAN>2</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、据国家统计局公布的<st1:chsdate w:st="on" Year="2010" Month="12" Day="1" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>1</SPAN>日</st1:chsdate>至<SPAN lang=EN-US>10</SPAN>日<SPAN lang=EN-US>200</SPAN>个主产县主要农产品价格变动情况显示,<SPAN lang=EN-US>12</SPAN>月上旬籽棉价格由涨转落,当旬价格为<SPAN lang=EN-US>10.14</SPAN>元<SPAN lang=EN-US>/</SPAN>公斤,较<SPAN lang=EN-US>11</SPAN>月下旬下跌<SPAN lang=EN-US>0.86</SPAN>元,跌幅<SPAN lang=EN-US>7.84%</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"> </SPAN>3</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、<st1:chsdate w:st="on" Year="2010" Month="12" Day="20" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>20</SPAN>日</st1:chsdate>,进口棉中国主港报价普遍上扬,除澳棉和巴西棉价格稳定之外,其他主要品种的价格均上涨了<SPAN lang=EN-US>2-4</SPAN>美分。经过连续上涨之后,目前<SPAN lang=EN-US>SM</SPAN>级外棉价格普遍站上<SPAN lang=EN-US>3</SPAN>万,内外价格明显倒挂和进口配额到期已使需求大大萎缩,而外棉供应(港口现货和远期装运)实在有些“跟不上”,现货市场显露“有价无市”。<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"> </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:棉花指数<SPAN lang=EN-US>328</SPAN>价格为<SPAN lang=EN-US>27324</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,较上一交易日上涨<SPAN lang=EN-US>55</SPAN>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 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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">仓单库存:交易所注册仓单为<SPAN lang=EN-US>102</SPAN>张,较上一交易日持平,有效预报为<SPAN lang=EN-US>164</SPAN>张。(每张对应棉花<SPAN lang=EN-US>40</SPAN>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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">主产区天气:未来三天,新疆北部、东北地区中北部、内蒙古中东部、西藏东部有小到中雪或阵雪,其中,新疆西北部和沿天山地区、黑龙江东北部局地有大雪或暴雪。<SPAN lang=EN-US>23</SPAN>日,西北地区东南部、西南地区东部、江汉、江淮中西部、江南中北部和西部将有降水。<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"> </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:供应紧缺预期推动基金买盘,美棉再度涨停,刷新历史高点;国内政策调控对郑棉期价有所压力,外棉持续创出新高推动郑棉跟涨;现货价格延续小幅上涨走势。郑棉<SPAN lang=EN-US>1109</SPAN>合约高开高走,期价企稳<SPAN lang=EN-US>28000</SPAN>上方,短期将测试<SPAN lang=EN-US>30000</SPAN>关口较强压力,延续震荡上行走势。操作上,短线交易为主,依托<SPAN lang=EN-US>5</SPAN>日线短多。<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> </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><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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘:国际植物油需求强劲及原油上涨溢出支撑豆油期货,美豆油继续小幅收高,主力<SPAN lang=EN-US>1</SPAN>月合约收于<SPAN lang=EN-US>55.56</SPAN>美分<SPAN lang=EN-US>/</SPAN>磅;因投 资者更加担心全球第二大棕榈油产区的大量降雨抑制产量的情 况,<SPAN lang=EN-US>BMD</SPAN>毛棕榈油上涨<SPAN lang=EN-US>1.2%</SPAN>,主力<SPAN lang=EN-US>3</SPAN>月合约收于<SPAN lang=EN-US>3561</SPAN>令吉<SPAN lang=EN-US>/</SPAN>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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">消息:国际方面,船运调查机构<SPAN lang=EN-US>ITS</SPAN>预估,马来西亚<SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>1 -20</SPAN>日棕榈油出口量为<SPAN lang=EN-US>776,910</SPAN>吨,较上月同期减少<SPAN lang=EN-US>26%</SPAN>。国内方 面,<st1:chsdate w:st="on" Year="2010" Month="12" Day="21" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>2010</SPAN>年<SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>21</SPAN>日</st1:chsdate>国家再度举办临时存储食用油竞价销售交易,计划交易<SPAN lang=EN-US>09</SPAN>年国家临时存储食用菜籽油<SPAN lang=EN-US>9.95</SPAN>万吨,实际成 交<SPAN lang=EN-US>5.77</SPAN>万吨,总成交率<SPAN lang=EN-US>57.93%</SPAN>,成交均价<SPAN lang=EN-US>9255</SPAN>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 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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货:昨日油脂现货价格保持稳定,沿海四级豆油约为<SPAN lang=EN-US> 9550-9800</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;港口棕榈油报价集中在<SPAN lang=EN-US>9230-9500</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;国 内四级菜油出厂价格处于<SPAN lang=EN-US>9650-10400</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"> </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>5950</SPAN>张;棕榈油,<SPAN lang=EN-US>0</SPAN>张;菜油,<SPAN lang=EN-US>5300</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"> </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:目前,期货主力价格高企,而现货豆油、菜籽油受国家调控影响较为滞涨,因此,在<SPAN lang=EN-US>12</SPAN>月份不建议过分高看 油脂价格。但就当前的情况来看,在外盘走强的带动下,油脂重心缓步上移,在隔夜外盘走高带动下,可日内震荡偏多操作 ,<SPAN lang=EN-US>Y1109</SPAN>日内多单止损<SPAN lang=EN-US>10025</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,谨慎投资者可暂时观望。<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> </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">大豆豆粕<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">消息面:<SPAN lang=EN-US>1</SPAN>、、美国农业部周一公布的数据显示,截至<SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>16</SPAN>日当周,美国大豆出口检验量为<SPAN lang=EN-US>4460.2</SPAN>万蒲式耳;本作物年度迄今,美国大豆出口检验量累计为<SPAN lang=EN-US>7.25726</SPAN>亿蒲式耳,上一年度同期为<SPAN lang=EN-US>6.49534</SPAN>亿蒲式耳。<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN><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:美豆期价继续走高,阿根廷大豆产区的不利天气提振期价继续走强。美豆<SPAN lang=EN-US>3</SPAN>月<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>1337.5<SPAN style="mso-spacerun: yes"> </SPAN>+10.5<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">国内现货:<SPAN lang=EN-US>1</SPAN>、黑龙江大豆市场受降雪和铁路发运等影响,购销不旺。进口大豆港口分销价格能在<SPAN lang=EN-US>4100-4200</SPAN>元<SPAN lang=EN-US>/</SPAN>吨。<SPAN lang=EN-US>2</SPAN>、豆粕现货报价多数地区稳定,部分地区小幅上调<SPAN lang=EN-US>20-30</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,华北山东地区价格在<SPAN lang=EN-US>3280-3330</SPAN>元,江苏地区价格在<SPAN lang=EN-US>3330-3400</SPAN>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 style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">盘面分析:盘面走势较强,豆粕持仓下滑,资金小幅流出,期价跟随大豆油脂上涨,收十字星,反弹的态势延续。大豆增仓,期价走势强于豆粕,盘面期价一度快速拉升,同时伴随着持仓和成交量的放大。但走势上,大豆仍未摆脱目前的震荡区间,仍需耐心等待。<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">操作建议:期价反弹态势得到加强,基本面也逐步转向利多,虽然目前走势较徘徊,但后期涨势仍可期待。操作上建议激进投资者多单适量加仓,保守着继续轻仓多单持有。<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> </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> </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">5<SPAN style="mso-spacerun: yes"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">白糖<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:<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">由于市场方面预期来自全球头号产糖国<SPAN lang=EN-US>--</SPAN>巴西的食糖供给量逐渐减少,本周二<SPAN lang=EN-US>ICE</SPAN>糖市原糖期货价格再创近<SPAN lang=EN-US>30</SPAN>年新高,收盘时<SPAN lang=EN-US>1103</SPAN>期约糖价稍稍上涨,远期合约糖价则稍稍下跌。当日<SPAN lang=EN-US>1103</SPAN>期约糖价上涨<SPAN lang=EN-US>6</SPAN>个点(<SPAN lang=EN-US>+0.2%</SPAN>),收于<SPAN lang=EN-US>33.02</SPAN>美分<SPAN lang=EN-US>/</SPAN>磅,盘中<SPAN lang=EN-US>1003</SPAN>期约糖价一度冲击了<SPAN lang=EN-US>1981</SPAN>年<SPAN lang=EN-US>1</SPAN>月份以来<SPAN lang=EN-US>33.65</SPAN>美分<SPAN lang=EN-US>/</SPAN>磅的高点;<SPAN lang=EN-US>1105</SPAN>期约糖价同时则下跌<SPAN lang=EN-US>2</SPAN>个点,以<SPAN lang=EN-US>29.55</SPAN>美分<SPAN lang=EN-US>/</SPAN>磅报收。<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">基本面消息:<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">1</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、四部门召开中央储备糖工作会议研究调控措施<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">2</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、古巴:<SPAN lang=EN-US>2011</SPAN>年原糖产量将低于<SPAN lang=EN-US>110</SPAN>万吨<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">国内现货:<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">国内现货小幅下调,南宁报<SPAN lang=EN-US>6820</SPAN>(新糖)。<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">库存仓单(张):<SPAN lang=EN-US>1258</SPAN>,有效预报<SPAN lang=EN-US>2167</SPAN>。<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">国内主产区天气情况:<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">今天白天到晚上,百色、崇左等市的西部阴天有分散小雨,我区其它地区多云到阴天,今天早晨全区大部地区有雾。 南宁市:今天白天到晚上,晴到多云,偏东风<SPAN lang=EN-US>1-2</SPAN>级,最高 气温<SPAN lang=EN-US>22</SPAN>℃,最低气温<SPAN lang=EN-US>14</SPAN>℃。<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">郑糖盘面:<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">技术上,郑糖<SPAN lang=EN-US>1109</SPAN>合约在多空因素交织及<SPAN lang=EN-US>7000</SPAN>元<SPAN lang=EN-US>/</SPAN>吨整数压力下小幅波动,多空双方谨慎等待新的消息面变化。新糖价格的回落对期价的反弹形成拖累,后期关注<SPAN lang=EN-US>22</SPAN>日的国储抛售情况。<SPAN lang=EN-US><o:p></o:p></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center; tab-stops: 18.0pt" align=center><SPAN lang=EN-US style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p> </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">连塑<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>1</SPAN>、中国<SPAN lang=EN-US>11</SPAN>月塑料制品产量同比增<SPAN lang=EN-US>20.7%<SPAN style="mso-spacerun: yes"> </SPAN>2</SPAN>、国内工程塑料的市场需求增速较快<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:今日<SPAN lang=EN-US>LLDPE</SPAN>现货价格继续保持平稳。扬子石化<SPAN lang=EN-US>DFDA-7042</SPAN>报<SPAN lang=EN-US>11000</SPAN>。市场成交不活跃。东北亚乙烯报<SPAN lang=EN-US>1165</SPAN>——<SPAN lang=EN-US>1167</SPAN>美元,东南亚乙烯报<SPAN lang=EN-US>1085</SPAN>——<SPAN lang=EN-US>1087</SPAN>美元,均与上一交易日持平。市场观望气氛浓厚,成交稀少。<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>27077</SPAN>张,与上一交易日持平。<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:今日连塑依托十日均线窄幅震荡,多空双方操作谨慎,显示市场分岐仍较大。基本面上,亚洲乙烯价格坚挺,国内乙烯减产令市场供应略微趋紧,下游制品产量大增,这些因素对连塑形成一定的支撑。但朝韩关系恶化、原油长时间高位震荡令市场做多信心有所流失,且加息忧虑再次抬头也令商品市场承压。预计连塑短期内将新选择方向。操作上,激进的投资者手中可保留小仓位多单以<SPAN lang=EN-US>12000</SPAN>点为止损位谨慎观望。稳健的投资者则以日内交易为主。<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> </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">2 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>、今冬电煤紧张局势缓解无望<SPAN lang=EN-US>2</SPAN>、山东诸城推进氯碱等淘汰落后产能<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>PVC</SPAN>现货价格明显回落,华东地区乙烯法<SPAN lang=EN-US>PVC</SPAN>报<SPAN lang=EN-US>8350</SPAN>元,跌<SPAN lang=EN-US>150</SPAN>元,电石法<SPAN lang=EN-US>PVC</SPAN>报<SPAN lang=EN-US>8050</SPAN>元,跌<SPAN lang=EN-US>50</SPAN>元。西北电石报<SPAN lang=EN-US>4100</SPAN>元,跌<SPAN lang=EN-US>100</SPAN>元,华东电石报<SPAN lang=EN-US>4600</SPAN>元,无涨跌。市场成交一般。<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>444</SPAN>张,与上一交易日持平。<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:今日<SPAN lang=EN-US>PVC</SPAN>依托十日均线的支撑窄幅震荡,显示短期市场分岐较大。基本面上,现货与电石价格小幅回落,节能减排任务基本完成对<SPAN lang=EN-US>PVC</SPAN>形成一定的制约,但现货库存不多,冬季严寒又推高了农膜的需求却也对<SPAN lang=EN-US>PVC</SPAN>形成一定的支撑。预计<SPAN lang=EN-US>PVC</SPAN>短期将重新选择方向。个人认为,<SPAN lang=EN-US>PVC</SPAN>经短暂整理后延续反弹的概率较大。操作上,投资者手中多单以<SPAN lang=EN-US>8230</SPAN>点为止损位谨慎持有。<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> </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><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">天胶<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">外盘走势:日胶库存减少,中国天胶产区将进入全面停割期等因素的影响,市场供应紧张忧虑挥之不去却对天胶产生有力的支撑。受此影响,<SPAN lang=EN-US>TOCOM</SPAN>橡胶期货<SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>21</SPAN>日收高<SPAN lang=EN-US>1.1%</SPAN>,报<SPAN lang=EN-US>413.1</SPAN>日元,继续刷新反弹新高。预计后市仍将延续震荡攀升的格局。<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>1</SPAN>、我国对美轮胎出口预计降四成;<SPAN lang=EN-US>2</SPAN>、<SPAN lang=EN-US>2010</SPAN>年<SPAN lang=EN-US>10</SPAN>月天然橡胶进口增加<SPAN lang=EN-US>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">现货市场:上海市场橡胶现货价格略有回落。云南国标一号胶报<SPAN lang=EN-US>35800</SPAN>元,跌<SPAN lang=EN-US>200</SPAN>元,泰国<SPAN lang=EN-US>3#</SPAN>烟片胶无报价。<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">亚洲各橡胶主产区天气预报如下:<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">泰国<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>曼谷<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>阴<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>33</SPAN>℃~<SPAN lang=EN-US>24</SPAN>℃<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>风力:<SPAN lang=EN-US> 2</SPAN>级<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">越南<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>河内<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>小到中雨<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>22</SPAN>℃~<SPAN lang=EN-US>17</SPAN>℃<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>风力:<SPAN lang=EN-US> 2</SPAN>级<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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">胡志明市<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>雷阵雨<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN><st1:chmetcnv w:st="on" UnitName="℃" SourceValue="32" HasSpace="False" Negative="False" NumberType="1" TCSC="0">32<SPAN lang=EN-US><SPAN lang=EN-US>℃</SPAN></SPAN></st1:chmetcnv><SPAN lang=EN-US>~<st1:chmetcnv w:st="on" UnitName="℃" SourceValue="23" HasSpace="False" Negative="False" NumberType="1" TCSC="0">23<SPAN lang=EN-US><SPAN lang=EN-US>℃</SPAN></SPAN></st1:chmetcnv><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></SPAN>风力:<SPAN lang=EN-US> 2</SPAN>级<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">马来西亚 吉隆坡<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>雷阵雨<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>31</SPAN>℃~<SPAN lang=EN-US>23</SPAN>℃<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>风力:<SPAN lang=EN-US> 2</SPAN>级<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">印尼<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>雅加达<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>雷阵雨<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>31</SPAN>℃~<SPAN lang=EN-US>25</SPAN>℃<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>风力:<SPAN lang=EN-US> 2</SPAN>级<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>43060</SPAN>吨,较昨日减少<SPAN lang=EN-US>300</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">观点总结:今日沪胶探低走高,盘中放量增仓,显示短期仍有上升潜力。基本面上:原油长时间高位震荡及朝韩关系恶化对市场做多信心略有打击,但日胶库存减少,中国天胶产区将进入全面停割期等因素的影响,市场供应紧张忧虑挥之不去却对天胶产生有力的支撑。预计天然橡胶后市仍将延续震荡上行的格局。操作上,投资者手中多单可以五日均线为止损继续谨慎持有。<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> </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 PTA<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"><SPAN style="mso-spacerun: yes"> </SPAN></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>原油收涨,<SPAN lang=EN-US>API</SPAN>公布数据显示美国上周原油库存大幅减少。<SPAN lang=EN-US>NYMEX 2</SPAN>月原油期货上涨<SPAN lang=EN-US>0.45</SPAN>美元,报收<SPAN lang=EN-US>89.82</SPAN>美元<SPAN lang=EN-US>/</SPAN>桶。<SPAN lang=EN-US>2</SPAN>、江浙市场主流报稳,个别较高及较低价位有适幅调整,多数涤丝厂家暂观望,因部分产品已经在成本线附近,局部地区工厂有减产的动作陆续出现,对涤丝行情稳定有一定刺激。<SPAN lang=EN-US>3</SPAN>、日本出光兴产、日本石油及埃克森美孚<SPAN lang=EN-US>1</SPAN>月<SPAN lang=EN-US>PX</SPAN>挂牌价分别出台为<SPAN lang=EN-US>1400</SPAN>美元 <SPAN lang=EN-US>/</SPAN>吨、<SPAN lang=EN-US>1430</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨及<SPAN lang=EN-US>1400</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨<SPAN lang=EN-US>CFR</SPAN>亚洲。<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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">现货价格:华东<SPAN lang=EN-US>PTA</SPAN>市场气氛上扬,持货方报盘涨至<SPAN lang=EN-US>9600-9650</SPAN>元<SPAN lang=EN-US>/</SPAN>吨附近,市场买方询盘气氛增加,主流商谈在<SPAN lang=EN-US>9500-9550</SPAN>元<SPAN lang=EN-US>/</SPAN>吨附近,市场交易气氛好转。亚洲<SPAN lang=EN-US>PTA</SPAN>现货市场气氛上扬,台产保税货报盘在<SPAN lang=EN-US>1190-1200</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨附近,买方询盘增多,实际商谈在<SPAN lang=EN-US>1185-1190</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨附近展开,韩货商谈在<SPAN lang=EN-US>1170-1175</SPAN>美元<SPAN lang=EN-US>/</SPAN>吨附近,交易气氛好转。<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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">库存数据:交易所仓单为<SPAN lang=EN-US>20757</SPAN>张,较上一交易日持平,有效预报<SPAN lang=EN-US>848</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"> </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:国际原油上试<SPAN lang=EN-US>90</SPAN>美元关口,外盘主流供应商<SPAN lang=EN-US>1</SPAN>月<SPAN lang=EN-US>PX</SPAN>挂牌价明显上调,<SPAN lang=EN-US> PTA</SPAN>成本抬高提振价格走势;<SPAN lang=EN-US>PTA</SPAN>现货市场较为僵持,现货心态尚可,高价区间一般买家略显观望。江浙市场涤丝持稳,产销适度回升,多数工厂走平或略超,下游织造工厂整体观望,聚酯切片市场维持震荡。<SPAN lang=EN-US>PTA1105</SPAN>合约期价震荡收涨,期价尾盘快速冲高,短线有望进一步上行,上方看向<SPAN lang=EN-US>10500</SPAN>关口。操作上,日内交易为主,适当短多。<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> </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><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">沪油<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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">外盘走势:<SPAN lang=EN-US>21</SPAN>日<SPAN lang=EN-US>NYMEX</SPAN>原油期货收于两年新高,受股市走强及美国乐观的经济数据提振,但在假日前交投稀疏。<SPAN lang=EN-US>NYMEX 2</SPAN>月原油期货收高<SPAN lang=EN-US>45</SPAN>美分或<SPAN lang=EN-US>0.5%</SPAN>,报收于每桶<SPAN lang=EN-US>89.82</SPAN>美元,盘中一度触及<SPAN lang=EN-US>89.97</SPAN>美元高位,为<st1:chsdate w:st="on" Year="2010" Month="12" Day="7" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>7</SPAN>日</st1:chsdate>触及<SPAN lang=EN-US>90.76</SPAN>美元的两年高位以来最高价,但未能突破<SPAN lang=EN-US>90</SPAN>美元大关。<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">消息方面:<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"><SPAN style="mso-spacerun: yes"> </SPAN>1</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、发改委网站称,<SPAN lang=EN-US>11</SPAN>月份以来,全国成品油消费继续保持高水平,通过协调有关方面采取综合措施,增加资源供应,部分地区出现的柴油供应紧张状况逐步得到缓解,成品油库存趋稳回升。据行业快报统计,<SPAN lang=EN-US>11</SPAN>月份原油产量<SPAN lang=EN-US>1,722</SPAN>万吨,同比增长<SPAN lang=EN-US>10.8%</SPAN>。<SPAN lang=EN-US>1-11</SPAN>月份累计生产原油<SPAN lang=EN-US>18,422</SPAN>万吨,增长<SPAN lang=EN-US>6.7%</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"> </SPAN>2</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">、国家发改委发出通知,决定自<st1:chsdate w:st="on" Year="2010" Month="12" Day="22" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>12</SPAN>月<SPAN lang=EN-US>22</SPAN>日</st1:chsdate>零时起将汽、柴油价格每吨分别提高<SPAN lang=EN-US>310</SPAN>元和<SPAN lang=EN-US>300</SPAN>元,测算到零售价格<SPAN lang=EN-US>90</SPAN>号汽油和<SPAN lang=EN-US> 0</SPAN>号柴油(全国平均)每升分别提高<SPAN lang=EN-US>0.23</SPAN>元和<SPAN lang=EN-US>0.26</SPAN>元。国内最近一次调价是在<st1:chsdate w:st="on" Year="2010" Month="10" Day="26" IsLunarDate="False" IsROCDate="False"><SPAN lang=EN-US>10</SPAN>月<SPAN lang=EN-US>26</SPAN>日</st1:chsdate>,当时汽油零售价上调<SPAN lang=EN-US>230</SPAN>元<SPAN lang=EN-US>/</SPAN>吨,柴 油零售价上调<SPAN lang=EN-US>220</SPAN>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 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 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"> </SPAN>21</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">日黄埔到岸价,新加坡高硫<SPAN lang=EN-US>180</SPAN>美金价<SPAN lang=EN-US>528.04</SPAN>美元,到岸贴水<SPAN lang=EN-US>10-11</SPAN>美元,新加坡高硫<SPAN lang=EN-US>380</SPAN>美金价<SPAN lang=EN-US>517.70</SPAN>美元。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>4610-4620</SPAN>元<SPAN lang=EN-US>/</SPAN>吨;库提价<SPAN lang=EN-US>4620-4630</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:<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"> </SPAN></SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">受欧美寒冷天气和季节性需求因素支撑,国际原油震荡上行,短期继续测试<SPAN lang=EN-US>90</SPAN>美元关口,发改委上调成品油价格有望提振短期燃料油走势;华南地区燃料油现货市场需求表现疲弱,整体交投氛围较清淡,渣油、非标油维持淡稳局面,实际成交均有小幅优惠。当前现货需求较为疲弱仍抑制燃料油的上行空间。沪油<SPAN lang=EN-US>1103</SPAN>合约小幅收跌,期价位于<SPAN lang=EN-US>5</SPAN>日线上方整理,<SPAN lang=EN-US>5000</SPAN>整数关口继续承压,短线延续高位震荡走势。操作上,震荡思路<SPAN lang=EN-US>,</SPAN>低位适当短多。<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> </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-ascii-font-family: ''Times New Roman''; mso-hansi-font-family: ''Times New Roman''">股指期货</SPAN><SPAN lang=EN-US style="FONT-SIZE: 12pt"><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"> </FONT></o:p></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">瑞达期货:乐观情绪高涨,期指多头或持续<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> </o:p></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">外盘表现:<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">外盘指数<SPAN lang=EN-US><SPAN style="mso-tab-count: 2"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>收盘<SPAN lang=EN-US><SPAN style="mso-tab-count: 1"> </SPAN></SPAN>涨跌<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>涨幅<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">道琼斯<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>11533.16<SPAN style="mso-spacerun: yes"> </SPAN>55.03<SPAN style="mso-spacerun: yes"> </SPAN>0.48% <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">纳斯达克<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>2667.61<SPAN style="mso-spacerun: yes"> </SPAN>18.05<SPAN style="mso-spacerun: yes"> </SPAN>0.68%<SPAN style="mso-spacerun: yes"> </SPAN><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">标普<SPAN lang=EN-US>500<SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-tab-count: 1"></SPAN><SPAN style="mso-spacerun: yes"> </SPAN>1254.6<SPAN style="mso-spacerun: yes"> </SPAN>7.52<SPAN style="mso-spacerun: yes"> </SPAN>0.60%<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">富时<SPAN lang=EN-US>100<SPAN style="mso-spacerun: yes"> </SPAN>5951.8<SPAN style="mso-spacerun: yes"> </SPAN>60.19<SPAN style="mso-spacerun: yes"> </SPAN>1.02%<SPAN style="mso-spacerun: yes"> </SPAN><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">德国<SPAN lang=EN-US>DAX<SPAN style="mso-spacerun: yes"> </SPAN>7077.99<SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN>59.39<SPAN style="mso-spacerun: yes"> </SPAN>0.85%<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">法国<SPAN lang=EN-US>CAC40<SPAN style="mso-spacerun: yes"> </SPAN>3927.49<SPAN style="mso-spacerun: yes"> </SPAN>42.41<SPAN style="mso-spacerun: yes"> </SPAN>1.09%<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">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"> </SPAN>1388.2<SPAN style="mso-spacerun: yes"> </SPAN>2.7<SPAN style="mso-spacerun: yes"> </SPAN>0.19%<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">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"> </SPAN>88.81<SPAN style="mso-spacerun: yes"> </SPAN>0.79<SPAN style="mso-spacerun: yes"> </SPAN>0.90%<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">美元指数<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN>80.697<SPAN style="mso-spacerun: yes"> </SPAN>0.083<SPAN style="mso-spacerun: yes"> </SPAN>0.10%<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">小结<SPAN lang=EN-US>: </SPAN>周二美国股市收高。一系列企业购并消息以及某位中国高官关于欧元区债务危机的讲话提升了市场对金融股的信心,大型银行股领涨道指。<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> </o:p></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">消息面:<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">1. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">一号文件聚焦农田水利 明年“三农”投入或超<SPAN lang=EN-US>9</SPAN>千亿;<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">2</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">.央行拟建立新信贷管理体制可能不再设定信贷目标;<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">3. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">国土部:房地产不应成为重要的经济支柱产业;<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">4. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">美联储出手援助欧洲;<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">5. </SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">日本央行宣布维持零利率政策;<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">6</SPAN><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">.穆迪频刮降级风 欧债危机愁云惨雾。<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> </o:p></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">持仓分析:<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">前<SPAN lang=EN-US>20</SPAN>名多头主力持单<SPAN lang=EN-US>17249</SPAN>手,空头主力持仓<SPAN lang=EN-US>20889</SPAN>手,净空持仓<SPAN lang=EN-US>3640</SPAN>手,净空持仓减少<SPAN lang=EN-US>239</SPAN>手。其中:前<SPAN lang=EN-US>5</SPAN>名主力机构净空持仓<SPAN lang=EN-US>5858</SPAN>手,空头持仓维持在高位,但空头优势较上一交易日有所减弱。从日内盘中持仓动向看,日内持仓相对稳定。<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> </o:p></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">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 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">股指期货主力合约<SPAN lang=EN-US>IF1101</SPAN>收盘报<SPAN lang=EN-US>3303</SPAN>点,预计周三<SPAN lang=EN-US>IF1101</SPAN>的运行区间在<SPAN lang=EN-US>3340-3255</SPAN>之间,如上方冲破<SPAN lang=EN-US>3340</SPAN>点可以小多,止损下设<SPAN lang=EN-US>10</SPAN>个点;如下方破<SPAN lang=EN-US>3255</SPAN>可以介入空单,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 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> </o:p></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">合约名称<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>强阻力位<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>阻力位<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>支撑位<SPAN lang=EN-US><SPAN style="mso-spacerun: yes"> </SPAN></SPAN>强支撑位<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">HS 300<SPAN style="mso-spacerun: yes"> </SPAN>3315<SPAN style="mso-spacerun: yes"> </SPAN>3285<SPAN style="mso-spacerun: yes"> </SPAN>3210<SPAN style="mso-spacerun: yes"> </SPAN>3170<o:p></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">IF1101<SPAN style="mso-spacerun: yes"> </SPAN>3375<SPAN style="mso-spacerun: yes"> </SPAN>3340<SPAN style="mso-spacerun: yes"> </SPAN>3255<SPAN style="mso-spacerun: yes"> </SPAN>3205<o:p></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">IF1102<SPAN style="mso-spacerun: yes"> </SPAN>3510<SPAN style="mso-spacerun: yes"> </SPAN>3480<SPAN style="mso-spacerun: yes"> </SPAN>3290<SPAN style="mso-spacerun: yes"> </SPAN>3250<o:p></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">IF1103<SPAN style="mso-spacerun: yes"> </SPAN>3450<SPAN style="mso-spacerun: yes"> </SPAN>3420<SPAN style="mso-spacerun: yes"> </SPAN>3330<SPAN style="mso-spacerun: yes"> </SPAN>3285<o:p></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">IF1106<SPAN style="mso-spacerun: yes"> </SPAN>3545<SPAN style="mso-spacerun: yes"> </SPAN>3500<SPAN style="mso-spacerun: yes"> </SPAN>3390<SPAN style="mso-spacerun: yes"> </SPAN>3355<o:p></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> </o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: ''Times New Roman''; mso-hansi-font-family: ''Times New Roman''">『免责声明:期市瞬息万变,盘中突发消息也将影响走势突变,投资人应盘 <P>ddddddddddddddddd</P>
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