White sugar: Sugar companies 'quotations have been lowered, and spot prices have continued to fall
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May 26, 2023, 5:22 PM White sugar: Sugar companies 'quotations have been lowered, and spot prices have continued to fall
Analysis of white sugar futures: On May 26, the opening price of the SR309 contract was 6928, the highest price was 6935, the lowest price was 6802, the position was 591895, the settlement price was 6858, yesterday's settlement: 7003, the decline: 154, and the daily trading volume: 1109775 lots.
Comprehensive price list by region: yuan/ton
|
areas |
market |
2023/5/25 |
2023/5/26 |
rise and fall |
remarks |
|
northeast |
Changchun |
7510 |
7150 |
-360 |
Self-delivery from warehouse, 50kg |
|
bayuquan |
7400 |
7350 |
-50 |
Self-delivery from warehouse, 50kg |
|
|
East China |
Shanghai |
7420 |
7380 |
-40 |
Self-delivery from warehouse, 50kg |
|
Linyi |
7380 |
7310 |
-70 |
Self-delivery from warehouse, 50kg |
|
|
Hefei |
7440 |
7380 |
-60 |
Self-delivery from warehouse, 50kg |
|
|
Tianjin |
7340 |
7280 |
-60 |
Self-delivery from warehouse, 50kg |
|
|
Langfang |
7380 |
7300 |
-80 |
Self-delivery from warehouse, 50kg |
|
|
Hangzhou |
7380 |
7310 |
-70 |
Self-delivery from warehouse, 50kg |
|
|
Fuzhou |
7380 |
7300 |
-80 |
Self-delivery from warehouse, 50kg |
|
|
Qingdao |
7320 |
7250 |
-70 |
Self-delivery from warehouse, 50kg |
|
|
Huazhong |
Yichang |
7460 |
7400 |
-60 |
Self-delivery from warehouse, 50kg |
|
Wuhan |
7480 |
7400 |
-80 |
Self-delivery from warehouse, 50kg |
|
|
Zhengzhou |
7460 |
7400 |
-60 |
Self-delivery from warehouse, 50kg |
|
|
North China |
Taiyuan |
7480 |
7410 |
-70 |
Self-delivery from warehouse, 50kg |
|
Xi'an |
7460 |
7390 |
-70 |
Self-delivery from warehouse, 50kg |
|
|
South China |
Guangzhou |
7360 |
7300 |
-60 |
Self-delivery from warehouse, 50kg |
|
Northwest |
Urumqi |
6750 |
6750 |
0 |
Self-delivery from warehouse, 50kg |
|
Lanzhou |
7420 |
7370 |
-50 |
Self-delivery from warehouse, 50kg |
|
|
Southwest |
Kunming |
7050 |
7020 |
-30 |
Self-delivery from warehouse, 50kg |
|
Chongqing |
7210 |
7130 |
-80 |
Self-delivery from warehouse, 50kg |
White sugar spot market: The mainstream transaction price in China's white sugar market was lowered again today. Among them, 7,150 - 7,350 yuan/ton in Northeast China, 7,250 - 7,380 yuan/ton in East China, 7,400 - 7,400 yuan/ton in Central China, 7,390 - 7,410 yuan/ton in North China, 7,300 - 7,300 yuan/ton in South China, 6,750 - 7,370 yuan/ton in Northwest China, and 7,020 - 7,130 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 7500 yuan/ton, down 50 yuan/ton; Nanhua Xiangyun quotation is 7020 yuan/ton, down 50 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 7290 yuan/ton, down 80 yuan/ton. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 7040 yuan/ton, down 60 yuan/ton. Yingmao Dali quoted 7010 yuan/ton, down 60 yuan/ton; Dafeng Yingmao quoted 7250 yuan/ton, down 100 yuan/ton.
Forecast for the future of white sugar: The futures price of the main contract of white sugar fell below the middle track and continued to move downward, showing a trend of three consecutive drops. The main contract has weakened significantly since the high of 7202. The main force of white sugar changed to the 09 contract. In the spot market, prices of white sugar companies and the spot market have also been lowered recently, and there have been certain transactions in some areas with pending orders at low points. On the external front, crushing in central and southern Brazil accelerated in the first half of May, and increased sugar production put pressure on prices. In the later stage, we need to pay attention to the pace of Brazil's white sugar exports and whether China's dumping of reserves has been implemented. It is expected that the price of white sugar will adjust repeatedly in the short term.
China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on May 26 was 6,972.54, down 57.69, or 0.82%, and the white sugar index was lowered.
The information provided in this report is for reference only.
Original: Wang Yaoxin 17732561807