文章(zhang)來源:中(zhong)國儲備(bei)棉管理總公司 發(fa)布時(shi)間:2012-03-28
近期,棉(mian)(mian)(mian)紗(sha)(sha)銷售行情弱(ruo)勢未改(gai),紡(fang)織企業庫存壓力較(jiao)大,降(jiang)(jiang)價(jia)(jia)促(cu)銷企業增多(duo),棉(mian)(mian)(mian)紗(sha)(sha)價(jia)(jia)格(ge)跌(die)(die)幅進一步擴大;滌棉(mian)(mian)(mian)紗(sha)(sha)銷售不濟(ji)拖累滌短行情。紡(fang)織企業皮棉(mian)(mian)(mian)采購(gou)積極(ji)性下(xia)(xia)降(jiang)(jiang),棉(mian)(mian)(mian)花企業對后(hou)市(shi)(shi)的看(kan)法出現分歧,但主流企業存棉(mian)(mian)(mian)成本較(jiao)高且看(kan)好后(hou)市(shi)(shi),不愿(yuan)大幅降(jiang)(jiang)價(jia)(jia)銷售,市(shi)(shi)場(chang)陷(xian)入僵(jiang)持(chi),現貨(huo)(huo)價(jia)(jia)格(ge)穩(wen)中略跌(die)(die)。3月25日,32支純棉(mian)(mian)(mian)普梳紗(sha)(sha)報價(jia)(jia)37400元(yuan)(yuan)/噸(dun)(dun)(dun),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)下(xia)(xia)跌(die)(die)1150元(yuan)(yuan)/噸(dun)(dun)(dun),跌(die)(die)幅3.0%;滌綸短纖報價(jia)(jia)14650元(yuan)(yuan)/噸(dun)(dun)(dun),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)下(xia)(xia)跌(die)(die)150元(yuan)(yuan)/噸(dun)(dun)(dun),跌(die)(die)幅1.0%。內地籽(zi)棉(mian)(mian)(mian)收(shou)購(gou)均(jun)價(jia)(jia)6.33元(yuan)(yuan)/斤(jin)(折皮棉(mian)(mian)(mian)收(shou)購(gou)價(jia)(jia)28452元(yuan)(yuan)/噸(dun)(dun)(dun)),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)下(xia)(xia)跌(die)(die)0.05元(yuan)(yuan)/斤(jin),跌(die)(die)幅0.8%。代表(biao)內地標準(zhun)級皮棉(mian)(mian)(mian)銷售均(jun)價(jia)(jia)的國家棉(mian)(mian)(mian)花價(jia)(jia)格(ge)B指數30643元(yuan)(yuan)/噸(dun)(dun)(dun),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)下(xia)(xia)跌(die)(die)38元(yuan)(yuan)/噸(dun)(dun)(dun),跌(die)(die)幅0.1%;新(xin)疆標準(zhun)級皮棉(mian)(mian)(mian)銷售均(jun)價(jia)(jia)31062元(yuan)(yuan)/噸(dun)(dun)(dun),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)下(xia)(xia)跌(die)(die)29元(yuan)(yuan)/噸(dun)(dun)(dun),跌(die)(die)幅0.1%。鄭州(zhou)棉(mian)(mian)(mian)花期貨(huo)(huo)5月合(he)約結算價(jia)(jia)30430元(yuan)(yuan)/噸(dun)(dun)(dun),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)下(xia)(xia)跌(die)(die)145元(yuan)(yuan)/噸(dun)(dun)(dun),跌(die)(die)幅0.5%;全國棉(mian)(mian)(mian)花交易(yi)市(shi)(shi)場(chang)電子撮合(he)交易(yi)5月合(he)同均(jun)價(jia)(jia)30347元(yuan)(yuan)/噸(dun)(dun)(dun),較(jiao)上(shang)(shang)(shang)周(zhou)(zhou)上(shang)(shang)(shang)漲(zhang)33元(yuan)(yuan)/噸(dun)(dun)(dun),漲(zhang)幅0.1%。
國(guo)內棉(mian)(mian)價(jia)(jia)趨于平(ping)穩(wen)使棉(mian)(mian)花企(qi)業恐(kong)慌心(xin)態有所(suo)改觀,高(gao)等級棉(mian)(mian)價(jia)(jia)格在(zai)資源稀少的(de)(de)(de)支撐下逐漸企(qi)穩(wen),但緊縮政策和紡織(zhi)運行疲(pi)弱(ruo)(ruo)仍將(jiang)對近期(qi)棉(mian)(mian)價(jia)(jia)形成制約。主(zhu)要原因:一是(shi)(shi)3月(yue)25日起人民幣存款(kuan)準(zhun)備(bei)金(jin)(jin)(jin)率上調0.5個(ge)百分(fen)點(dian),央(yang)(yang)行副行長、國(guo)家外(wai)管局局長易綱表示,央(yang)(yang)行今(jin)年最(zui)主(zhu)要的(de)(de)(de)工(gong)(gong)作(zuo)就是(shi)(shi)對抗(kang)通(tong)脹,維持物價(jia)(jia)穩(wen)定,所(suo)有可(ke)(ke)能的(de)(de)(de)政策工(gong)(gong)具,包括利率、匯率、存款(kuan)準(zhun)備(bei)金(jin)(jin)(jin)率以(yi)及公開市(shi)場(chang)操作(zuo)等手(shou)段都在(zai)考慮之列。二是(shi)(shi)目前紡織(zhi)企(qi)業的(de)(de)(de)棉(mian)(mian)紗庫(ku)存壓力較(jiao)(jiao)大(da),行情(qing)整體(ti)弱(ruo)(ruo)勢未改,資金(jin)(jin)(jin)實力相對較(jiao)(jiao)弱(ruo)(ruo)的(de)(de)(de)中小型(xing)紡企(qi)降價(jia)(jia)促銷的(de)(de)(de)不在(zai)少數,短期(qi)皮棉(mian)(mian)需求難以(yi)明顯釋(shi)放,現(xian)貨市(shi)場(chang)或將(jiang)維持弱(ruo)(ruo)勢僵持局面。綜上,預計近期(qi)棉(mian)(mian)價(jia)(jia)橫向整理(li)的(de)(de)(de)可(ke)(ke)能性(xing)較(jiao)(jiao)大(da)。
日本(ben)(ben)核泄露事件(jian)稍有緩和,但利比亞緊張局(ju)勢繼續升級,大(da)宗(zong)商品市場波動較大(da),紐(niu)約棉(mian)(mian)花(hua)期(qi)貨劇烈振蕩,交(jiao)易(yi)重(zhong)心略有上(shang)(shang)(shang)移(yi),國(guo)際(ji)現貨價格在美(mei)棉(mian)(mian)銷(xiao)售好轉的助推下大(da)幅(fu)上(shang)(shang)(shang)漲。3月25日,紐(niu)約棉(mian)(mian)花(hua)期(qi)貨5月合約結(jie)算(suan)價204.49美(mei)分(fen)/磅,較上(shang)(shang)(shang)周上(shang)(shang)(shang)漲5.37美(mei)分(fen)/磅,漲幅(fu)2.7%。代表進(jin)口棉(mian)(mian)中國(guo)主港到岸(an)均價的國(guo)際(ji)棉(mian)(mian)花(hua)指數(M)按1%關(guan)稅計(ji)算(suan),折人民(min)幣進(jin)口成本(ben)(ben)39868元(yuan)(yuan)(yuan)/噸(dun),較上(shang)(shang)(shang)周上(shang)(shang)(shang)漲2435元(yuan)(yuan)(yuan)/噸(dun),漲幅(fu)6.5%;按滑準稅計(ji)算(suan),折人民(min)幣進(jin)口成本(ben)(ben)40047元(yuan)(yuan)(yuan)/噸(dun),較上(shang)(shang)(shang)周上(shang)(shang)(shang)漲2411元(yuan)(yuan)(yuan)/噸(dun),漲幅(fu)6.4%。
從基本面(mian)和外圍環境(jing)分析,近期(qi)國際(ji)市場(chang)多空交織,行情難改振(zhen)(zhen)蕩走勢。基本面(mian),據(ju)(ju)美國農業部(bu)(USDA)公布的(de)數(shu)據(ju)(ju),3月11-17日的(de)美棉(mian)出口簽約量(liang)和裝運(yun)量(liang)大(da)幅上升,說明市場(chang)需求仍然旺盛。不(bu)過,南半球棉(mian)花豐(feng)產(chan)在望(wang),中(zhong)期(qi)供給(gei)充裕(yu),不(bu)利棉(mian)價(jia)繼續(xu)走高(gao)。據(ju)(ju)巴西農業部(bu)的(de)最新預測,本年(nian)(nian)度(du)巴西棉(mian)花實(shi)播(bo)面(mian)積1950萬(wan)(wan)畝(mu),單產(chan)有望(wang)達(da)到100公斤/畝(mu),總產(chan)量(liang)195萬(wan)(wan)噸(dun),同比(bi)增幅超(chao)過60%;澳(ao)大(da)利亞棉(mian)區天氣轉晴,收(shou)獲即將(jiang)完成,預計本年(nian)(nian)度(du)澳(ao)棉(mian)產(chan)量(liang)將(jiang)創下歷史最高(gao)紀錄,有關(guan)方面(mian)預測其產(chan)量(liang)為98萬(wan)(wan)噸(dun),同比(bi)增幅高(gao)達(da)154%。目前(qian),利比(bi)亞政局動蕩,大(da)宗商品走勢不(bu)確定性較大(da),國際(ji)棉(mian)價(jia)將(jiang)繼續(xu)維持振(zhen)(zhen)蕩格局的(de)可能性較大(da)。