White sugar: The quotations of sugar companies have been partially lowered, and the mainstream of the spot market has remained stable
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October 24, 2023, 5:01 PM White sugar: The quotations of sugar companies have been partially lowered, and the mainstream of the spot market has remained stable
Analysis of white sugar futures: On October 24, the opening price of the SR401 contract was 6742, the highest price was 6786, the lowest price was 6724, the open position was 587531, the settlement price was 6752, yesterday's settlement: 6782, down: 30, and daily trading volume: 487612 lots.
Comprehensive price list by region: yuan/ton
|
areas |
market |
2023/10/23 |
2023/10/24 |
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 |
7480 |
7480 |
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 |
7460 |
7460 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Fuzhou |
7450 |
7450 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Qingdao |
7440 |
7440 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Huazhong |
Yichang |
7480 |
7480 |
0 |
Self-delivery from warehouse, 50kg |
|
Wuhan |
7520 |
7520 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Zhengzhou |
7580 |
7580 |
0 |
Self-delivery from warehouse, 50kg |
|
|
North China |
Taiyuan |
7400 |
7400 |
0 |
Self-delivery from warehouse, 50kg |
|
Xi'an |
7350 |
7350 |
0 |
Self-delivery from warehouse, 50kg |
|
|
South China |
Guangzhou |
7440 |
7440 |
0 |
Self-delivery from warehouse, 50kg |
|
Northwest |
Urumqi |
6950 |
6950 |
0 |
Self-delivery from warehouse, 50kg |
|
Lanzhou |
7320 |
7320 |
0 |
Self-delivery from warehouse, 50kg |
|
|
Southwest |
Kunming |
7000 |
6980 |
-20 |
Self-delivery from warehouse, 50kg |
|
Chongqing |
7140 |
7140 |
0 |
Self-delivery from warehouse, 50kg |
White sugar spot market: Today, the mainstream transaction price in China's white sugar market is mainly stable. Among them, 7,400 -7440 yuan/ton in Northeast China, 7,400 - 7,480 yuan/ton in East China, 7,480 - 7,580 yuan/ton in Central China, 7,350 - 7,400 yuan/ton in North China, 7440 yuan/ton in South China, 6,950 - 7,320 yuan/ton in Northwest China, and 6,980 - 7,140 yuan/ton in Southwest China. Quotation from processing sugar companies: Nanhua Group's new sugar quotation: Nanhua Kunming quotation is 7030 yuan/ton, down 20 yuan/ton; Nanhua Xiangyun quotation is 6950 yuan/ton, down 20 yuan/ton. Guangxi Nanhua's price is 7,230 - 7,240 yuan/ton, which is stable. Shandong Xingguang Sugar Industry's white sugar price is 7380 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted 7380 yuan/ton for imported processed sugar, which is stable. COFCO (Liaoning) Sugar Co., Ltd. quoted price of imported processed sugar at 7420 yuan/ton, which is stable. Yingmao Group's new sugar quotation: Yingmao Kunming's quotation is 7030 yuan/ton, down 20 yuan/ton. Yingmao Dali quoted price of 6980 yuan/ton, down 20 yuan/ton. Dafeng Yingmao's price is 7400 yuan/ton, which is stable.
Forecast for the future of white sugar: The futures price of the main contract of white sugar 2401 fluctuated within a narrow range at night, and the direction of movement of the futures price was unclear and slightly rose in the late session. Prices in the early trading period continued to be consolidated in a narrow range, and prices in the late afternoon rose slightly. Judging from the market's transactions, there were 21.5% more open and 20.2% less open. The technical level shows that the upper rail of the middle rail of the Bollinger Bands (13, 13, 2) is still open downward and the lower rail is flat. The low point of the futures price approaches the lower track position. The spot market price of white sugar continued to fall slightly. Overall, the price of white sugar may remain low and narrow in the short term.
China's white sugar index: According to data from Medical Equipment, China's white sugar spot index on October 24 was 7,059.17, down 0.77, or 0.01%. The white sugar index was slightly adjusted.
The information provided in this report is for reference only.
Original: Wang Yaoxin 17732561807