White sugar: Futures prices continue to rise, but recent trends are entangled, and the spot market remains stable and waits

November 20, 2024, 5:21 PM

White sugar: Futures prices continue to rise, but recent trends are entangled, and the spot market remains stable and waits

Analysis of white sugar futures:On November 20, the opening price of the SR501 contract was 5859, the highest price was 5935, the lowest price was 5853, the position was 308390, the settlement price was 5895, yesterday's settlement: 5859, up: 36, and daily trading volume: 229719 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:The mainstream transaction price in China's white sugar market is stable today. Among them, 6,360 - 6,450 yuan/ton in Northeast China and 6,350 - 6,560 yuan in East China/ton, Central China 6420-6450 yuan/ton, North China 6380-6480 yuan/ton, South ChinaThe region is 6200 yuan/ton, the northwest region is 5,650 - 6,280 yuan/ton, and the southwest region is 6,080 - 6,290 yuan/ton. Price of white sugar companies: The price of first-class white sugar in Kunming, Nanhua, is 6130 yuan/ton, which is stable. Nanhua Xiangyun and Dali first-grade white sugar quoted at 6080 yuan/ton, which is stable. The price of first-grade white sugar in Yun County in Nanhua is 6040 yuan/ton, which is stable. Nanhua Guangxi first-grade white sugar quoted at 6060 yuan/ton, which is stable. Yingmao Kunming first-class white sugar quoted at 6180 yuan/ton, which is stable. Yingmao Dali's first-grade white sugar price is 6080 yuan/ton, which is stable. Yingmao Dafeng first-class white sugar trader quoted 6520 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted price of imported processed sugar at 6530 yuan/ton, down 20 yuan/ton. COFCO (Liaoning) Sugar Co., Ltd. quoted 6460 yuan/ton for imported processed sugar, an increase of 10 yuan/ton.

White sugar market outlook forecast:On the external side, raw sugar futures fell 0.18 cents/pound on Tuesday. ChinaThe night futures price of the main contract of white sugar 2501 was volatile and was running strongly. The upward trend of the early futures price broke through the 5900 integer mark and continued to rise to the highest point in late trading. In terms of transactions, the opening was 17.1% higher than the opening was 20.5%. The technical level shows that the three-track trend of the Bollinger Band (13, 13, 2) is relatively stable and slightly open. The candle chart shows a large sun pillar, and the two lines of the MACD line at the daily level intersect again. Recently, the trend of China's white sugar futures market has been repeated, and the market lacks strong guidance. New sugar is about to reach its peak, supply increase is expected to increase, policy guidance is limited, and Zheng sugar also lacks upward momentum. Overall, it is expected that the shock situation of white sugar futures will not change in the short term.

China's white sugar index:According to calculations from medical equipment,November 20China's white sugar spot index was 6305.69, down 0.00%, and the white sugar index was flat.