White sugar: Sugar companies have stabilized prices, and spot prices have risen

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May 18, 2023, 5:32 PM

Analysis of white sugar futures: On May 18, the opening price of the SR307 contract was 6913, the highest price was 6989, the lowest price was 6912, the position was 419558, the settlement price was 6940, yesterday's settlement: 6898, up: 42, daily trading volume: 530239 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/5/17	2023/5/18	rise and fall	remarks
northeast	Changchun	7260	7320	20	Self-delivery from warehouse, 50kg
northeast	bayuquan	7180	7240	20	Self-delivery from warehouse, 50kg
East China	Shanghai	7250	7300	10	Self-delivery from warehouse, 50kg
	Linyi	7240	7300	40	Self-delivery from warehouse, 50kg
	Hefei	7250	7310	10	Self-delivery from warehouse, 50kg
	Tianjin	7170	7230	40	Self-delivery from warehouse, 50kg
	Langfang	7190	7240	20	Self-delivery from warehouse, 50kg
	Hangzhou	7250	7280	0	Self-delivery from warehouse, 50kg
	Fuzhou	7230	7280	20	Self-delivery from warehouse, 50kg
	Qingdao	7180	7240	40	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7280	7320	20	Self-delivery from warehouse, 50kg
	Wuhan	7260	7310	20	Self-delivery from warehouse, 50kg
	Zhengzhou	7320	7360	10	Self-delivery from warehouse, 50kg
North China	Taiyuan	7300	7350	10	Self-delivery from warehouse, 50kg
North China	Xi'an	7300	7350	0	Self-delivery from warehouse, 50kg
South China	Guangzhou	7200	7260	20	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6500	6550	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7290	7350	30	Self-delivery from warehouse, 50kg
Southwest	Kunming	6840	6880	10	Self-delivery from warehouse, 50kg
Southwest	Chongqing	6990	7040	10	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market increased today. Among them, 7,180 - 7,260 yuan/ton in Northeast China, 7,170 - 7,250 yuan/ton in East China, 7,260 - 7,320 yuan/ton in Central China, 7,300 - 7,300 yuan/ton in North China, 7,200 - 7,200 yuan/ton in South China, 6,500 - 7,290 yuan/ton in Northwest China, and 6,840 - 6,990 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 6920 yuan/ton, stable; Nanhua Xiangyun quotation is 6890 yuan/ton, stable. Guangxi Nanhua quoted price of 7,070 - 7,120 yuan/ton, increased by 10 yuan/ton. Nanhua Jiangsu Town quoted 7200 yuan/ton, an increase of 30 yuan/ton. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 6910 yuan/ton, which is stable. Yingmao Dali's price is 6880 yuan/ton, which is stable; Dafeng Yingmao's price is 7240 yuan/ton, which is increased by 20 yuan/ton.

Forecast for the future of white sugar: The main contract price of white sugar rose late in the operation, and the market once again showed a bullish trend of increasing the price. The high point of the futures price operation began to approach the upper track of the Bollinger Band (13, 13, 2). In terms of spot, the current crushing progress in central and southern Brazil is still the most important factor for the market. Therefore, before new data is released, sugar prices will wait patiently in the form of small fluctuations. It is expected that sugar will still run at a high level in the short term, but there is a certain degree of Repeatability.

China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on May 18 was 6,931.38, up 13.46, or down 0.19%. The white sugar index rose.