White sugar: Zheng sugar's main contract increased its position, and the spot market was operating strongly

Analysis of white sugar futures:On October 9, the opening price of the SR501 contract: 5935, the highest price: 6028, the lowest price: 5904, the position: 397622, the settlement price: 5981, yesterday's settlement: 5914, up: 67, daily trading volume: 559639 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:Today, the mainstream transaction price in China's white sugar market is running strongly. Among them, Northeast China is 6,620 - 6,750 yuan/ton, and East China is 6,630 - 6,800 yuan/ton, Central China 6,680 - 6,750 yuan/ton, North China 6,600 - 6,650 yuan/ton, South ChinaThe region is 6520 yuan/ton, the northwest region is 5,950 - 6,500 yuan/ton, and the southwest region is 6,250 - 6,420 yuan/ton. White sugar company quotation:Nanhua Kunming first-class white sugar quoted 6270 yuan/ton, up 10 yuan/ton. Nanhua Xiangyun and Dali first-grade white sugar quoted 6220 yuan/ton, up 10 yuan/ton. The price of first-grade white sugar in Yun County in Nanhua is 6180 yuan/ton, up 10 yuan/ton. Nanhua Guangxi first-grade white sugar quoted 6530 yuan/ton, up 30 yuan/ton. Yingmao Kunming first-grade white sugar quoted 6250 yuan/ton, up 20 yuan/ton. Yingmao Dali's first-grade white sugar quoted 6200 yuan/ton, up 20 yuan/ton. COFCO (Tangshan) Sugar Co., Ltd. quoted 6600 yuan/ton for imported processed sugar, up 20 yuan/ton. COFCO (Liaoning) Sugar Co., Ltd. quoted 6610 yuan/ton for imported processed sugar, up 30 yuan/ton.

White sugar market outlook forecast:On the external market, as weather conditions improve in Brazil's sugarcane producing areas and are about to usher in rain, ICE raw sugar futures continue to fall, with limited support on the external market.The main contract price of white sugar 2501 was running strong at night. The opening price in early trading continued to rise, breaking through the 6000 integer mark to maintain the zone price shock. Then, it fell back slightly to take back some of the increase. The afternoon price strengthened again and continued to continue until the end of late trading. There was a significant increase in positions on the market. In terms of transactions, there was a 28.5% increase in opening compared with a 24.2% increase in positions, and there was more bullish sentiment. The technical level shows that the three-track opening of the Bollinger Band (13, 13, 2) continues to open upward, and the daily MACD line continues to show a golden cross trend with large openings. The prices of sugar companies in the spot market have been mainly increased, but new sugar has now been listed and the supply has increased.Overall, it is expected that the sugar futures price will adjust in the short term or at a high level 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 9China's white sugar spot index was 6486.06, up 19.62, or 0.30%, and the white sugar index was raised.

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The information provided in this report is for reference only.

Original: Wang Yaoxin 17732561807