White sugar: The prices of sugar companies were partially lowered, and the spot market fell individually
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October 20, 2023, 5:20 PM White sugar: The prices of sugar companies were partially lowered, and the spot market fell individually
Analysis of white sugar futures: On October 20, the opening price of the SR401 contract was 6853, the highest price was 6887, the lowest price was 6819, the position was 560622, the settlement price was 6852, yesterday's settlement: 6831, up: 21, daily trading volume: 453330 lots.
Comprehensive price list by region: yuan/ton
|
areas |
market |
2023/10/19 |
2023/10/20 |
rise and fall |
remarks |
|
northeast |
Changchun |
7440 |
7440 |
0 |
Self-delivery from warehouse, 50kg |
|
bayuquan |
7400 |
7400 |
0 |
Self-delivery from warehouse, 50kg |
|
|
East China |
Shanghai |
7470 |
7470 |
0 |
Self-delivery from warehouse, 50kg |
|
Linyi |
7460 |
7460 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Hefei |
7500 |
7500 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Tianjin |
7450 |
7450 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Langfang |
7400 |
7400 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Hangzhou |
7480 |
7480 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Fuzhou |
7480 |
7480 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Qingdao |
7440 |
7440 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Huazhong |
Yichang |
7490 |
7480 |
-10 |
Self-delivery from warehouse, 50kg |
|
Wuhan |
7520 |
7520 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Zhengzhou |
7600 |
7600 |
0 |
Self-delivery from warehouse, 50kg |
|
|
North China |
Taiyuan |
7400 |
7400 |
0 |
Self-delivery from warehouse, 50kg |
|
Xi'an |
7430 |
7380 |
-50 |
Self-delivery from warehouse, 50kg |
|
|
South China |
Guangzhou |
7460 |
7460 |
0 |
Self-delivery from warehouse, 50kg |
|
Northwest |
Urumqi |
6950 |
6950 |
0 |
Self-delivery from warehouse, 50kg |
|
Lanzhou |
7350 |
7350 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Southwest |
Kunming |
7040 |
7040 |
0 |
Self-delivery from warehouse, 50kg |
|
Chongqing |
7180 |
7160 |
-20 |
Self-delivery from warehouse, 50kg |
White sugar spot market: Mainstream transaction prices in China's white sugar market fell individually today. Among them, 7,400 - 7,440 yuan/ton in Northeast China, 7,400 - 7,500 yuan/ton in East China, 7,480 - 7,600 yuan/ton in Central China, 7,380 - 7,400 yuan/ton in North China, 7460 yuan/ton in South China, 6,950 - 7,350 yuan/ton in Northwest China, and 7,040 - 7,160 yuan/ton in Southwest China. Quotation of processing sugar companies: COFCO (Tangshan) Sugar Co., Ltd. quoted 7380 yuan/ton for imported processed sugar, which is stable. COFCO (Liaoning) Sugar Co., Ltd. quoted 7400 yuan/ton for imported processed sugar, which is stable. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 7070 yuan/ton, down 30 yuan/ton. Yingmao Dali's price is 7020 yuan/ton, down 30 yuan/ton. Dafeng Yingmao's price is 7400 yuan/ton, which is stable. Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 7070 yuan/ton, which is stable; Nanhua Xiangyun quotation is 6990 yuan/ton, down 30 yuan/ton. Guangxi Nanhua quoted price of 7,250 - 7,270 yuan/ton, down 30 yuan/ton.
White sugar market outlook forecast: The main contract price of white sugar 2401 rose slightly at night, and then began to fluctuate. The highest point began to appear in early trading, 6887, and the price began to gradually weaken in the late period. The line at 6830 began to fluctuate, and continued to consolidate at this position in the afternoon until the end of late trading. The technical level shows that the opening of the third track of the Bollinger Band (13, 13, and 2) has narrowed, the low point of the futures price continues to run through the middle track position, and the two lines of the daily KD line intersect. The spot market price of white sugar continues to be generally lowered by 20-30 yuan/ton. Overall, white sugar prices may still be under pressure in the short term.
China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on October 20 was 7,068.79, down 3.08, or 0.04%, and the white sugar index was lowered.
The information provided in this report is for reference only.
Original: Wang Yaoxin 17732561807