White sugar: Some sugar companies have raised their prices, and transactions in the spot market are average

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May 16, 2023, 5:24 PM

Analysis of white sugar futures: On May 16, the opening price of the SR307 contract was 6849, the highest price was 6888, the lowest price was 6820, the position was 386535, the settlement price was 6857, yesterday's settlement: 6828, the increase: 29, and the daily trading volume: 495376 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/5/15	2023/5/16	rise and fall	remarks
northeast	Changchun	7380	7380	0	Self-delivery from warehouse, 50kg
northeast	bayuquan	7200	7200	0	Self-delivery from warehouse, 50kg
East China	Shanghai	7280	7280	0	Self-delivery from warehouse, 50kg
	Linyi	7260	7260	0	Self-delivery from warehouse, 50kg
	Hefei	7300	7300	0	Self-delivery from warehouse, 50kg
	Tianjin	7210	7210	0	Self-delivery from warehouse, 50kg
	Langfang	7210	7210	0	Self-delivery from warehouse, 50kg
	Hangzhou	7250	7250	0	Self-delivery from warehouse, 50kg
	Fuzhou	7270	7270	0	Self-delivery from warehouse, 50kg
	Qingdao	7200	7200	0	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7350	7350	0	Self-delivery from warehouse, 50kg
	Wuhan	7320	7320	0	Self-delivery from warehouse, 50kg
	Zhengzhou	7400	7400	0	Self-delivery from warehouse, 50kg
North China	Taiyuan	7390	7390	0	Self-delivery from warehouse, 50kg
North China	Xi'an	7360	7360	0	Self-delivery from warehouse, 50kg
South China	Guangzhou	7230	7230	0	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6550	6550	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7330	7330	0	Self-delivery from warehouse, 50kg
Southwest	Kunming	6850	6850	0	Self-delivery from warehouse, 50kg
Southwest	Chongqing	7000	7000	0	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market was flat today. Among them, 7,200 - 7,380 yuan/ton in Northeast China, 7,200 - 7,300 yuan/ton in East China, 7,320 - 7,400 yuan/ton in Central China, 7,360 - 7,390 yuan/ton in North China, 7,230 - 7,230 yuan/ton in South China, 6,550 - 7,330 yuan/ton in Northwest China, and 6,850 - 7,000 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 6890 yuan/ton, stable; Nanhua Xiangyun quotation is 6860 yuan/ton, stable. Guangxi Nanhua quoted 7,020 - 7,070 yuan/ton, increased by 10 yuan/ton. Nanhua Jiangsu Town quoted 7170 yuan/ton, an increase of 10 yuan/ton. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 6890 yuan/ton, which is stable. Yingmao Dali's price is 6860 yuan/ton, which is stable; Dafeng Yingmao's price is 7190 yuan/ton, which is increased by 40 yuan/ton. Liaoning COFCO's quoted price for imported processed sugar is 7200 yuan/ton, which is stable.

Forecast for the future market of white sugar: The main contract price of white sugar is operating in a narrow range, the movement trend of the market futures price is insufficient, the opening of the Bollinger Band (13, 13, 2) is narrowing, and the operation of the futures price may enter a new operating stage. Looking at the supply ports at present, as El Niño will now lead to a global sugar shortage in the next crushing season, China's crushing season has basically ended, with an estimated output of 9 million tons. Overall, the supply of white sugar is still tight. The price of processing sugar mills continues to rise, but the prices of white sugar have now fluctuated in the period when the price of white sugar has reached a high level. It is expected that white sugar will fluctuate at a high level in the short term.

China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on May 16 was 6,924.85, down 0, or 0.00%, while the white sugar index remained flat.