White sugar: Sugar companies lowered their prices, and spot prices fell

109,510

May 25, 2023, 5:49 PM

Analysis of white sugar futures: On May 25, the opening price of the SR309 contract was 7060, the highest price was 7077, the lowest price was 6932, the position was 590926, the settlement price was 7003, yesterday's settlement: 7157, the decline: 154, and the daily trading volume: 736968 lots.

Comprehensive price list by region: yuan/ton

areas	market	2023/5/24	2023/5/25	rise and fall	remarks
northeast	Changchun	7550	7510	-40	Self-delivery from warehouse, 50kg
northeast	bayuquan	7430	7400	-30	Self-delivery from warehouse, 50kg
East China	Shanghai	7470	7420	-50	Self-delivery from warehouse, 50kg
	Linyi	7440	7380	-60	Self-delivery from warehouse, 50kg
	Hefei	7480	7440	-40	Self-delivery from warehouse, 50kg
	Tianjin	7380	7340	-40	Self-delivery from warehouse, 50kg
	Langfang	7450	7380	-70	Self-delivery from warehouse, 50kg
	Hangzhou	7420	7380	-40	Self-delivery from warehouse, 50kg
	Fuzhou	7420	7380	-40	Self-delivery from warehouse, 50kg
	Qingdao	7380	7320	-60	Self-delivery from warehouse, 50kg
Huazhong	Yichang	7500	7460	-40	Self-delivery from warehouse, 50kg
	Wuhan	7500	7480	-20	Self-delivery from warehouse, 50kg
	Zhengzhou	7500	7460	-40	Self-delivery from warehouse, 50kg
North China	Taiyuan	7520	7480	-40	Self-delivery from warehouse, 50kg
North China	Xi'an	7490	7460	-30	Self-delivery from warehouse, 50kg
South China	Guangzhou	7400	7360	-40	Self-delivery from warehouse, 50kg
Northwest	Urumqi	6750	6750	0	Self-delivery from warehouse, 50kg
Northwest	Lanzhou	7460	7420	-40	Self-delivery from warehouse, 50kg
Southwest	Kunming	7090	7050	-40	Self-delivery from warehouse, 50kg
Southwest	Chongqing	7250	7210	-40	Self-delivery from warehouse, 50kg

White sugar spot market: The mainstream transaction price in China's white sugar market was lowered today. Among them, 7,400 - 7,510 yuan/ton in Northeast China, 7,320 - 7,440 yuan/ton in East China, 7,460 - 74,80 yuan/ton in Central China, 7,460 -7480 yuan/ton in North China, 7,360 -7360 yuan/ton in South China, 6,750 -7420 yuan/ton in Northwest China, and 7,050 - 7,210 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 7100 yuan/ton, down 20 yuan/ton; Nanhua Xiangyun quotation is 7070 yuan/ton, down 20 yuan/ton. Guangxi Nanhua quoted price of 7,230 - 7,280 yuan/ton, down 40 yuan/ton. Nanhua Jiangsu Town quoted 7360 yuan/ton, down 20 yuan/ton. COFCO (Tangshan) Sugar Co., Ltd. quoted price of imported processed sugar at 7360 yuan/ton, down 100 yuan/ton. Liaoning COFCO's quoted price for imported processed sugar is 7400 yuan/ton, down 30 yuan/ton. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 7100 yuan/ton, down 10 yuan/ton. Yingmao Dali quoted 7070 yuan/ton, down 10 yuan/ton; Dafeng Yingmao quoted 7360 yuan/ton, down 100 yuan/ton.

White sugar market outlook forecast: After the main contract price of white sugar appeared at the high of 7202, the operation of the futures price showed a trend of high correction and consolidation, and the market reduced positions and profit-taking increased. The spot market under high prices also got a breather. The continuous rise in spot prices of white sugar has also increased demand and traders 'pressure to pick up goods. On the external side, the market expects that crushing progress in central and southern Brazil will accelerate in the first half of May, and sugar production will increase significantly, putting pressure on prices. It is expected that sugar prices will undergo repeated adjustments in the short term.

China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on May 25 was 7,030.23, down 30.77, or 0.44%. The white sugar index was lowered.