White sugar: Zheng sugar futures hit a new low again, and spot market transactions were sluggish

August 21, 2024, 5:13 PM

White sugar: Zheng sugar futures hit a new low again, and spot market transactions were sluggish

Analysis of white sugar futures:On August 21, the opening price of the SR501 contract: 5610, the highest price: 5620, the lowest price: 5563, the position: 350771, the settlement price: 5587, yesterday's settlement: 5647, down: 60, and daily trading volume: 354366 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:Today, the mainstream transaction price in China's white sugar market continued to be weak, with the downward adjustment concentrated at 10-50 yuan/ton. Including 6,400 - 6,600 yuan/ton in Northeast China and 6,420 - 6,650 yuan in East China/ton, Central China 6,530 - 6,650 yuan/ton, North China 6,460 - 6,540 yuan/ton, South ChinaThe region is 6320 yuan/ton, the northwest region is 6,000 - 6,350 yuan/ton, and the southwest region is 6,080 - 6,230 yuan/ton. White sugar company quotation:

Nanhua Kunming first-class white sugar quoted 6120 yuan/ton, down 30 yuan/ton. Nanhua Xiangyun and Dali first-grade white sugar quoted 6070 yuan/ton, down 30 yuan/ton. The price of first-grade white sugar in Nanhua Yun County is 6030 yuan/ton, down 40 yuan/ton. Nanhua Guangxi's first-grade white sugar price is 6,240 - 6,360 yuan/ton, down 40 yuan/ton. Yingmao Kunming first-grade white sugar quoted 6120 yuan/ton, down 30 yuan/ton. Yingmao Dali's first-grade white sugar price is 6070 yuan/ton, down 30 yuan/ton. COFCO (Tangshan) Sugar Co., Ltd. quoted 6380 yuan/ton for imported processed sugar, down 40 yuan/ton. COFCO (Liaoning) Sugar Co., Ltd. quoted 6380 yuan/ton for imported processed sugar, down 40 yuan/ton.

White sugar market outlook forecast:nationswithinThe main contract of white sugar 2501 hit a new low. The night price fell below 5600 and the trend was weak. The morning price fell to the lowest point of 5563. Then it returned to 5588 and continued to adjust slightly until the end of late afternoon.。The technical level shows that the three-track opening of the Bollinger Band (13, 13, 2) has narrowed slightly but the overall situation is still downward. The candle chart continues to show a negative column. The daily MACD line and the KD line continue to be dead, with an increase of 22.1% compared with an increase of 25.0%, and the short mood is strong. The prices of spot sugar companies continued to decline, and market transactions were sluggish. China is expected to increase production and has limited support from the spot market. Overall, it is expected that China's white sugar futures prices will mainly fluctuate at low levels in the short term.

China White Sugar Index:According to calculations from medical equipment,August 21China's white sugar spot index was 6,361.06, down 9.23, or 0.14%, and the white sugar index was lowered.