史丹利(002588.SZ):公司經營情況總體比較穩健,銷量同比基本持平
格隆匯6月20日丨史丹利(002588.SZ)近期在接待機構調研時表示,今年1至5月份,公司經營情況總體比較穩健,銷量同比基本持平。1至5月份分別是東北地區市場、華北華東地區市場的銷售旺季,市場需求穩定,公司銷售整體情況良好。5月份之後,旺季逐漸結束,上游原料價格均開始有不同程度的下調,複合肥企業和下游經銷商為規避原料價格波動影響,均開始進行清庫存,今年二季度公司原料庫存降到了近幾年內的最低水平。今年鉀肥大合同談判價格基本回到了2019年疫情前的水平,尿素價格也頻繁出現下降,淡季需求弱近期磷化工企業開工率普遍較低,磷礦石價格還存在博弈空間,因此我們判斷原料價格仍有調整空間。
如果原料價格能在7月份之前見底,這將有利於公司三季度秋季肥市場的佈局。公司目前庫存水位較低,沒有庫存壓力,在秋季銷售旺季到來之前,公司開始採購原料補庫存,輕裝上陣,重新開啟新一輪銷售。
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