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

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

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May 22, 2023, 5:30 PM

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

Analysis of white sugar futures: On May 22, the opening price of the SR307 contract was 6999, the highest price was 7156, the lowest price was 6964, the position was 423146, the settlement price was 7038, yesterday's settlement: 6952, the increase: 86, and the daily trading volume was 949612 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/5/19	2023/5/22	rise and fall	remarks
northeast	Changchun	7320	7420	100	Self-delivery from warehouse, 50kg
northeast	bayuquan	7240	7320	80	Self-delivery from warehouse, 50kg
East China	Shanghai	7300	7350	50	Self-delivery from warehouse, 50kg
	Linyi	7300	7310	10	Self-delivery from warehouse, 50kg
	Hefei	7310	7380	70	Self-delivery from warehouse, 50kg
	Tianjin	7230	7230	0	Self-delivery from warehouse, 50kg
	Langfang	7240	7270	30	Self-delivery from warehouse, 50kg
	Hangzhou	7280	7320	40	Self-delivery from warehouse, 50kg
	Fuzhou	7280	7310	30	Self-delivery from warehouse, 50kg
	Qingdao	7240	7270	30	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7320	7320	0	Self-delivery from warehouse, 50kg
	Wuhan	7310	7310	0	Self-delivery from warehouse, 50kg
	Zhengzhou	7360	7400	40	Self-delivery from warehouse, 50kg
North China	Taiyuan	7350	7360	10	Self-delivery from warehouse, 50kg
North China	Xi'an	7350	7350	0	Self-delivery from warehouse, 50kg
South China	Guangzhou	7260	7270	10	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6550	6550	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7350	7350	0	Self-delivery from warehouse, 50kg
Southwest	Kunming	6880	7010	130	Self-delivery from warehouse, 50kg
Southwest	Chongqing	7040	7120	80	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 6980 yuan/ton, increased by 50 yuan/ton; Nanhua Xiangyun quotation is 6950 yuan/ton, increased by 50 yuan/ton. Guangxi Nanhua quoted price of 7,170 - 7,220 yuan/ton, an increase of 40 yuan/ton. Nanhua Jiangsu Town quoted 7300 yuan/ton, an increase of 50 yuan/ton. COFCO (Tangshan) Sugar Co., Ltd. quoted 7300 yuan/ton for imported processed sugar, an increase of 70 yuan/ton. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 6950 yuan/ton, increased by 30 yuan/ton. Yingmao Dali's price is 6920 yuan/ton, up 30 yuan/ton; Dafeng Yingmao's price is 7300 yuan/ton, up 80 yuan/ton. Quotation from Lingyunhai Sugar Group in Rizhao City: Lingxue brand white sugar is quoted at 7300 yuan/ton, and soft sugar is quoted at 7320 yuan/ton, with an increase of 20 yuan/ton.

Forecast for the future of white sugar: The futures price of the main contract of white sugar gapped short and changed to open. The futures price has been running all the way and the rally has not stopped in the late session, reaching a new high of 7156 for the year. The bullish trend in futures is very obvious. Spot market prices continue to rise. On the external market, the recent improvement in weather in central and southern Brazil is conducive to sugarcane harvesting. The situation of sugar transportation and congestion in ports has also improved slightly. Oil companies have lowered gasoline prices by 12.6% to 2.78 reais/liter. The price difference between sugar and alcohol continues to widen to above 10 cents per pound. Sugar production maintains an absolute advantage. It is expected that sugar will continue to run high and good in the short term.

China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on May 22 was 6,958.69, up 27.31, or 0.39%, and the white sugar index rose.