White sugar: The futures price increased slightly and narrowed, and the spot market price stabilized mainly

October 8, 2024, 5:02 PM

White sugar: The futures price increased slightly and narrowed, and the spot market price stabilized mainly

Analysis of white sugar futures:On October 8, the opening price of the SR501 contract: 5913, the highest price: 5943, the lowest price: 5882, the position: 346682, the settlement price: 5914, yesterday's settlement: 5928, down: 14, daily trading volume: 237407 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:Today, the mainstream transaction price in China's white sugar market is stabilizing. Among them, 6510-6660 yuan/ton in Northeast China and 6500-6680 yuan in East China/ton, Central China 6,540 - 6,600 yuan/ton, North China 6,440 - 6,560 yuan/ton, South ChinaThe region is 6400 yuan/ton, the northwest region is 5,950 -6400 yuan/ton, and the southwest region is 6,130 - 6,280 yuan/ton. White sugar company quotation:

The price of Nanhua Kunming first-class white sugar is 6260 yuan/ton, which is stable. Nanhua Xiangyun and Dali first-grade white sugar quoted at 6210 yuan/ton, which is stable. The price of first-grade white sugar in Yun County in Nanhua is 6170 yuan/ton, which is stable. Nanhua Guangxi first-grade white sugar quoted at 6500 yuan/ton, which is stable. Yingmao Kunming first-grade white sugar quoted at 6230 yuan/ton, which is stable. Yingmao Dali's first-grade white sugar price is 6180 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted 6580 yuan/ton for imported processed sugar, which is stable. COFCO (Liaoning) Sugar Co., Ltd. quoted 6580 yuan/ton for imported processed sugar, which is stable.

White sugar market outlook forecast:On the external side, the long-awaited National Day of American Sugar has "turned over". The dynamics of Brazil, the largest major producer, is constantly affecting international sugar prices. As weather conditions in Brazil's sugarcane producing areas improve and welcome rainfall, ICE raw sugar futures fell by 0.4% overall. Returning after National Day,The intraday adjustment of the main contract price of white sugar 2501 was limited, with mainly narrow fluctuations. There was a slight increase in positions on the market, with an increase of 22.0% being less than an increase of 25.3% being short, and there was more short sentiment. The prices of sugar companies in the spot market are relatively stable. At present, new sugar has been listed, supply has increased, and macro preferences have been expressed.Overall, it is expected that the sugar futures price will adjust in the short term or within a narrow range in the short term, and pressure on the upper supply side will still exist.

China's white sugar index:According to calculations from medical equipment,October 8China's white sugar spot index was 6466.44, up 0.00%, and the white sugar index was flat.