White sugar: Prices from sugar companies are stable, and spot prices are gradually increased

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July 4, 2023, 5:06 PM

Analysis of white sugar futures: On July 4, the opening price of the SR309 contract was 6835, the highest price was 6847, the lowest price was 6784, the position was 442583, the settlement price was 6814, yesterday's settlement: 6783, the increase: 31, and the daily trading volume: 337884 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/7/3	2023/7/4	rise and fall	remarks
northeast	Changchun	7300	7300	0	Self-delivery from warehouse, 50kg
northeast	bayuquan	7230	7230	0	Self-delivery from warehouse, 50kg
East China	Shanghai	7300	7300	0	Self-delivery from warehouse, 50kg
	Linyi	7250	7250	0	Self-delivery from warehouse, 50kg
	Hefei	7260	7260	0	Self-delivery from warehouse, 50kg
	Tianjin	7190	7200	10	Self-delivery from warehouse, 50kg
	Langfang	7200	7210	10	Self-delivery from warehouse, 50kg
	Hangzhou	7250	7250	0	Self-delivery from warehouse, 50kg
	Fuzhou	7260	7260	0	Self-delivery from warehouse, 50kg
	Qingdao	7190	7200	10	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7260	7260	0	Self-delivery from warehouse, 50kg
	Wuhan	7250	7250	0	Self-delivery from warehouse, 50kg
	Zhengzhou	7350	7350	0	Self-delivery from warehouse, 50kg
North China	Taiyuan	7280	7280	0	Self-delivery from warehouse, 50kg
North China	Xi'an	7270	7270	0	Self-delivery from warehouse, 50kg
South China	Guangzhou	7180	7180	0	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6700	6700	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7280	7280	0	Self-delivery from warehouse, 50kg
Southwest	Kunming	6860	6860	0	Self-delivery from warehouse, 50kg
Southwest	Chongqing	7020	7020	0	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market increased today. Among them, 7,230 - 7,300 yuan/ton in Northeast China, 7,200 - 7,300 yuan/ton in East China, 7,250 - 7,350 yuan/ton in Central China, 7,270 - 7,280 yuan/ton in North China, 7180 yuan/ton in South China, 6,700 - 7,280 yuan/ton in Northwest China, and 6,860 - 7,020 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 6850 yuan/ton, stable; Nanhua Xiangyun quotation is 6820 yuan/ton, stable. Guangxi Nanhua's price is 7,060 - 7,100 yuan/ton, which is stable. Jiangsu Zhenjiang Nanhua quoted price of 7110 yuan/ton, which is stable. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 6850 yuan/ton, which is stable. Yingmao Dali's price is 6830 yuan/ton, which is stable; Dafeng Yingmao's price is 7340 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted 7300 yuan/ton for imported processed sugar, which is stable. Liaoning COFCO's quoted price for imported processed sugar is 7280 yuan/ton, which is stable. Shandong Xingguang Sugar Industry's white sugar price is 7320 yuan/ton, which is stable.

White sugar market outlook forecast: The rebound of the main contract of white sugar has weakened, the intraday price has declined, and the position has been lightened. The technical level shows that the futures price is effective at the pressure level close to the middle track of the Bollinger Band. On the external front, data released by the Brazilian Foreign Trade Secretariat showed that Brazil exported 3.082 million tons of sugar in June, a significant increase from the same period last week. In addition, production in central and southern Brazil may exceed expectations. China's white sugar market has intensified its wait-and-see attitude, and the downward trend in white sugar prices has made merchants relatively cautious. Overall, white sugar prices may undergo repeated narrow adjustments in the short term.

China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on July 4 was 6910.6, up 1.5, or 0.02%, and the white sugar index rose.