White sugar: Sugar companies \'quotations increased, and spot prices rose - Many comments

White sugar: Sugar companies 'quotations increased, and spot prices rose

110,201

May 17, 2023, 5:22 PM

White sugar: Sugar companies 'quotations increased, and spot prices rose

Analysis of white sugar futures: Opening price of SR307 contract on May 17:6888, highest price: 6944, lowest price: 6846, open position: 410714, settlement price: 6898, yesterday's settlement: 6857, increase: 41, daily trading volume: 808148 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/5/16	2023/5/16	rise and fall	remarks
northeast	Changchun	7260	7260	40	Self-delivery from warehouse, 50kg
northeast	bayuquan	7180	7180	40	Self-delivery from warehouse, 50kg
East China	Shanghai	7250	7250	40	Self-delivery from warehouse, 50kg
	Linyi	7240	7240	20	Self-delivery from warehouse, 50kg
	Hefei	7250	7250	50	Self-delivery from warehouse, 50kg
	Tianjin	7170	7170	20	Self-delivery from warehouse, 50kg
	Langfang	7190	7190	30	Self-delivery from warehouse, 50kg
	Hangzhou	7250	7250	30	Self-delivery from warehouse, 50kg
	Fuzhou	7230	7230	30	Self-delivery from warehouse, 50kg
	Qingdao	7180	7180	20	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7280	7280	20	Self-delivery from warehouse, 50kg
	Wuhan	7260	7260	30	Self-delivery from warehouse, 50kg
	Zhengzhou	7320	7320	30	Self-delivery from warehouse, 50kg
North China	Taiyuan	7300	7300	40	Self-delivery from warehouse, 50kg
North China	Xi'an	7300	7300	50	Self-delivery from warehouse, 50kg
South China	Guangzhou	7200	7200	40	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6500	6500	50	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7290	7290	30	Self-delivery from warehouse, 50kg
Southwest	Kunming	6840	6840	30	Self-delivery from warehouse, 50kg
Southwest	Chongqing	6990	6990	40	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market increased today. Among them, 7,180 - 7,260 yuan/ton in Northeast China, 7,170 - 7,250 yuan/ton in East China, 7,260 - 7,320 yuan/ton in Central China, 7,300 - 7,300 yuan/ton in North China, 7,200 - 7,200 yuan/ton in South China, 6,500 - 7,290 yuan/ton in Northwest China, and 6,840 - 6,990 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 6920 yuan/ton, increased by 30 yuan/ton; Nanhua Xiangyun quotation is 6890 yuan/ton, increased by 30 yuan/ton. Guangxi Nanhua quoted price of 7,060 - 7,110 yuan/ton, increased by 40 yuan/ton. Nanhua Jiangsu Town quoted price of 7170 yuan/ton, which is stable. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 6910 yuan/ton, increased by 20 yuan/ton. Yingmao Dali's price is 6880 yuan/ton, up 20 yuan/ton; Dafeng Yingmao's price is 7220 yuan/ton, up 30 yuan/ton. COFCO (Tangshan) Sugar Co., Ltd. quoted 7180 yuan/ton for imported processed sugar, an increase of 30 yuan/ton.

Forecast for the market outlook for white sugar: The main contract price of white sugar has moved beyond the middle track and continues to move upwards. The overopening in the intraday obviously tends to overopen. After three consecutive days of sideways trading, it finally broke through today. The rise in futures also has a certain impact on the spot market. The recent tight supply of white sugar in both the Chinese and foreign markets is the main reason why prices in the two markets remain high. In the new crushing season, China's sugar planting area has generally rebounded. However, the distant water is not enough to quench the thirst, and it is expected that white sugar will still run 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 17 was 6,917.92, up 26.15, or down 0.38%. The white sugar index rose.