White sugar: Futures prices closed slightly higher, while mainstream spot prices stabilized

September 27, 2024, 5:16 PM

White sugar: Futures prices closed slightly higher, while mainstream spot prices stabilized

Analysis of white sugar futures:On September 27, the opening price of the SR501 contract: 5914, the highest price: 5977, the lowest price: 5912, the position: 360325, the settlement price: 5937, yesterday's settlement: 5926, up: 11, daily trading volume: 300022 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:Today, the mainstream transaction price in China's white sugar market is stabilizing. Among them, 6510-6660 yuan/ton in Northeast China and 6500-6680 yuan in East China/ton, Central China 6,540 - 6,600 yuan/ton, North China 6,440 - 6,560 yuan/ton, South ChinaThe region is 6400 yuan/ton, the northwest region is 5,950 -6400 yuan/ton, and the southwest region is 6,130 - 6,280 yuan/ton. Price of white sugar companies: The price of first-class white sugar in Kunming, Nanhua, is 6260 yuan/ton, which is stable. Nanhua Xiangyun and Dali first-grade white sugar quoted at 6210 yuan/ton, which is stable. The price of first-grade white sugar in Yun County in Nanhua is 6210 yuan/ton, which is stable. Nanhua Guangxi first-grade white sugar quoted at 6470 yuan/ton, an increase of 20 yuan/ton. Yingmao Kunming first-grade white sugar quoted at 6230 yuan/ton, which is stable. Yingmao Dali's first-grade white sugar price is 6180 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted 6560 yuan/ton for imported processed sugar, an increase of 30 yuan/ton. COFCO (Liaoning) Sugar Co., Ltd. quoted 6560 yuan/ton for imported processed sugar, an increase of 10 yuan/ton.

White sugar market outlook forecast:On the external side, raw sugar futures continued to operate strongly, with market forecasts for Brazilian sugar production lowered to support sugar prices and dry weather in Brazil. The main contract price of China's white sugar futures 2501 closed slightly higher at night, while the early futures price maintained a narrow increase. The afternoon futures price rose significantly to the highest point of 5977 and then gave up some of the gains. The technical level shows that the three-track opening of the Bollinger Band (13, 13, 2) is trending upwards, the candle chart shows a long upper shadow positive column, the daily level MACD line and the gold fork of the KD line continue, and the disk is slightly reduced and the opening is 20.1% higher than the opening is 19.6%. At present, the room for growth in Zheng sugar has narrowed and the momentum for growth is insufficient. As the international market absorbs positive results, China's import pressure may become more prominent. Overall, it is expected that there will be insufficient room above the futures price of China's sugar in the short term, and the trend may weaken.

China's white sugar index:According to calculations from medical equipment,September 27China's white sugar spot index was 6466.44, up 0.00%, and the white sugar index was flat.