White sugar: Sugar companies \'quotations were arranged in a narrow range, and spot prices fell one after another - Many comments - FDD-GLOBAL

White sugar: Sugar companies 'quotations were arranged in a narrow range, and spot prices fell one after another

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July 6, 2023, 5:06 PM

White sugar: Sugar companies 'quotations were arranged in a narrow range, and spot prices fell one after another

Analysis of white sugar futures: On July 6, the opening price of the SR309 contract was 6800, the highest price was 6825, the lowest price was 6769, the position was 441485, the settlement price was 6800, yesterday's settlement: 6769, the increase: 31, and the daily trading volume was 298993 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/7/5	2023/7/6	rise and fall	remarks
northeast	Changchun	7290	7270	-20	Self-delivery from warehouse, 50kg
northeast	bayuquan	7200	7200	0	Self-delivery from warehouse, 50kg
East China	Shanghai	7300	7290	-10	Self-delivery from warehouse, 50kg
	Linyi	7240	7200	-40	Self-delivery from warehouse, 50kg
	Hefei	7260	7240	-20	Self-delivery from warehouse, 50kg
	Tianjin	7180	7150	-30	Self-delivery from warehouse, 50kg
	Langfang	7190	7170	-20	Self-delivery from warehouse, 50kg
	Hangzhou	7250	7230	-20	Self-delivery from warehouse, 50kg
	Fuzhou	7240	7220	-20	Self-delivery from warehouse, 50kg
	Qingdao	7180	7150	-30	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7250	7240	-10	Self-delivery from warehouse, 50kg
	Wuhan	7240	7230	-10	Self-delivery from warehouse, 50kg
	Zhengzhou	7320	7300	-20	Self-delivery from warehouse, 50kg
North China	Taiyuan	7260	7250	-10	Self-delivery from warehouse, 50kg
North China	Xi'an	7260	7240	-20	Self-delivery from warehouse, 50kg
South China	Guangzhou	7180	7160	-20	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6650	6650	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7270	7250	-20	Self-delivery from warehouse, 50kg
Southwest	Kunming	6830	6820	-10	Self-delivery from warehouse, 50kg
Southwest	Chongqing	6990	6970	-20	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market was lowered today. Among them, 7,200 - 7,270 yuan/ton in Northeast China, 7,150 - 7,290 yuan/ton in East China, 7,230 - 7,300 yuan/ton in Central China, 7,240 - 7,250 yuan/ton in North China, 7160 yuan/ton in South China, 6,50 - 7,250 yuan/ton in Northwest China, and 6,820 - 6,970 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 quoted price of 7,040 - 7,080 yuan/ton, down 10 yuan/ton. Jiangsu Zhenjiang Nanhua quoted price of 7100 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 7320 yuan/ton, down 20 yuan/ton. COFCO (Tangshan) Sugar Co., Ltd. quoted price of imported processed sugar at 7280 yuan/ton, down 20 yuan/ton. Liaoning COFCO's quoted price for imported processed sugar is 7300 yuan/ton, down 10 yuan/ton. Shandong Xingguang Sugar Industry's white sugar price is 7320 yuan/ton, which is stable.

White sugar market outlook forecast: The main contract of white sugar continues to be organized in a narrow range, but the late futures price shows signs of weakening slightly. Intraday transactions are still open more but the overall position volume does not change. The mode of opening more and leveling for entertainment continues. In terms of spot, the main production areas continue to release production and sales data. By the end of June, Guangxi's cumulative sugar production was 5.2703 million tons, a year-on-year decrease of 849,100 tons, and the cumulative sugar sales were 4.1163 million tons, an increase of 305,600 tons year-on-year. The production and sales ratio was 78.1%. However, high prices significantly inhibit demand. Overall, white sugar prices may continue to show 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 6 was 6883.94, down 13.46, or 0.20%. The white sugar index fell.