White sugar: Prices from sugar companies are stable and market prices are flat

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July 17, 2023, 5:24 PM

Analysis of white sugar futures: On July 17, the opening price of SR309 contract was 6933, the highest price was 6962, the lowest price was 6878, the position was 418058, the settlement price was 6921, yesterday's settlement: 6896, up: 25, daily trading volume: 310552 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/7/14	2023/7/17	rise and fall	remarks
northeast	Changchun	7380	7380	0	Self-delivery from warehouse, 50kg
northeast	bayuquan	7250	7250	0	Self-delivery from warehouse, 50kg
East China	Shanghai	7350	7350	0	Self-delivery from warehouse, 50kg
	Linyi	7280	7280	0	Self-delivery from warehouse, 50kg
	Hefei	7300	7300	0	Self-delivery from warehouse, 50kg
	Tianjin	7240	7240	0	Self-delivery from warehouse, 50kg
	Langfang	7250	7250	0	Self-delivery from warehouse, 50kg
	Hangzhou	7280	7280	0	Self-delivery from warehouse, 50kg
	Fuzhou	7280	7280	0	Self-delivery from warehouse, 50kg
	Qingdao	7220	7220	0	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7290	7290	0	Self-delivery from warehouse, 50kg
	Wuhan	7300	7300	0	Self-delivery from warehouse, 50kg
	Zhengzhou	7400	7400	0	Self-delivery from warehouse, 50kg
North China	Taiyuan	7280	7280	0	Self-delivery from warehouse, 50kg
North China	Xi'an	7290	7290	0	Self-delivery from warehouse, 50kg
South China	Guangzhou	7230	7230	0	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6700	6700	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7290	7290	0	Self-delivery from warehouse, 50kg
Southwest	Kunming	6890	6890	0	Self-delivery from warehouse, 50kg
Southwest	Chongqing	7070	7070	0	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market remains unchanged today. Among them, 7,230 - 7,360 yuan/ton in Northeast China, 7,200 - 7,330 yuan/ton in East China, 7260- 7,380 yuan/ton in Central China, 7260 yuan/ton in North China, 7210 yuan/ton in South China, 6,650 - 7,270 yuan/ton in Northwest China, and 6,860 - 7,050 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's price is 7,120 - 7,170 yuan/ton, which is stable. Jiangsu Zhenjiang Nanhua quoted price of 7170 yuan/ton, which is stable. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 6920 yuan/ton, which is stable. Yingmao Dali's price is 6890 yuan/ton, which is stable; Dafeng Yingmao's price is 7380 yuan/ton, which is stable. Shandong Xingguang Sugar Industry's white sugar price is 7350 yuan/ton, which is stable.

Forecast for the market outlook for white sugar: The main contract price of white sugar shows a weakening trend within the intraday, with limited highs. Also dragged down by the weakening of the overall cultural index, the white sugar market also shows a certain downward trend, but the magnitude is not large. In terms of spot sugar, the peak summer season for consumption is approaching, and the purchasing sentiment of traders and downstream has improved. The volume of transactions has increased compared with the previous period, which also supports the fact that the two markets can still support at a high level despite the weakness of most commodities. Overall, white sugar prices will still be relatively strong in the short term.

China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on July 17 was 6,935.47, up 0%, or 0%, and the white sugar index was stable.