White sugar: The futures price remained above 5900. It increased slightly today, and the spot market adjusted within a narrow range.

November 26, 2024, 5:07 PM

White sugar: The futures price remained above 5900. It increased slightly today, and the spot market adjusted within a narrow range.

Analysis of white sugar futures:On November 26, the opening price of the SR501 contract: 5932, the highest price: 5967, the lowest price: 5914, the position: 298978, the settlement price: 5940, yesterday's settlement: 5924, up: 16, daily trading volume: 230223 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:The mainstream transaction price in China's white sugar market adjusted within a narrow range today. Among them, 6,360 - 6,510 yuan/ton in Northeast China and 6,320 - 6,560 yuan in East China/ton, Central China 6420-6450 yuan/ton, North China 6380-6460 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 is quoted at 6090 yuan/ton, an increase of 10 yuan/ton. 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 6550 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted 6580 yuan/ton for imported processed sugar, an increase of 20 yuan/ton. COFCO (Liaoning) Sugar Co., Ltd. quoted price of imported processed sugar at 6510 yuan/ton, an increase of 10 yuan/ton.

White sugar market outlook forecast:On the external side, raw sugar futures fell 1% on Monday as the market sought trading direction. The focus of global sugar production has shifted to the northern hemisphere. Under the expectation of increasing production, the trend of raw sugar is relatively exhausted. ChinaThe night price of the main contract of white sugar 2501 increased slightly, and the upward trend of the white price fluctuated and continued until the end of late afternoon. In terms of transactions, the opening was 22.7% higher than the opening was 16.7%. The technical level shows that the three-track opening of the Bollinger Band (13, 13, 2) continues to open upward. The candle chart shows a positive column, the disk has significantly reduced positions, and the two lines of the MACD line at the daily level show a golden cross trend. The expected tightening of import controls on syrup and ready-mixed flour supports Zheng sugar futures, but the fundamentals are still weak, supply pressure is high, futures prices have limited increase, spot market sugar prices have been adjusted cautiously, and downstream procurement has waited and seen new sugar still exists. Overall, white sugar futures are expected to fluctuate mainly in a narrow range in the short term.

China's white sugar index:According to calculations from medical equipment,November 26China's white sugar spot index was 6,301.84, down 0.00%, and the white sugar index was flat.