White sugar: Futures prices fluctuated slightly, and the spot market fell within a narrow range

December 3, 2024, 5:07 PM

White sugar: Futures prices fluctuated slightly, and the spot market fell within a narrow range

Analysis of white sugar futures:On December 3, the opening price of the SR501 contract: 6087, the highest price: 6100, the lowest price: 6057, the position: 275585, the settlement price: 6076, yesterday's settlement: 6090, down: 14, daily trading volume: 262405 lots.

Comprehensive price list by region: RMB/ton

White sugar spot market:The mainstream transaction price in the white sugar market in China dropped within a narrow range today. Among them, 6,360 - 6,590 yuan/ton in Northeast China and 6,360 - 6,550 yuan in East China/ton, Central China 6400-6460 yuan/ton, North China 6430-6460 yuan/ton, South ChinaThe region is 6200 yuan/ton, the northwest region is 5,650 - 6,280 yuan/ton, and the southwest region is 6,150 - 6,370 yuan/ton. Price of white sugar companies: The price of first-class white sugar in Kunming, Nanhua, is 6210 yuan/ton, which is stable. Nanhua Xiangyun and Dali first-grade white sugar quoted at 6160 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 6160 yuan/ton, down 10 yuan/ton. Yingmao Kunming first-grade white sugar quoted at 6210 yuan/ton, which is stable. Yingmao Dali's first-grade white sugar price is 6110 yuan/ton, which is stable. Yingmao Dafeng first-class white sugar trader quoted 6700 yuan/ton, which is stable. COFCO (Tangshan) Sugar Co., Ltd. quoted 6670 yuan/ton for imported processed sugar, which is stable. COFCO (Liaoning) Sugar Co., Ltd. quoted 6600 yuan/ton for imported processed sugar, which is stable.

White sugar market outlook forecast:On the external market, overnight raw sugar futures fluctuated downward on Monday and remained generally stable after making up for the decline, with the intraday low hitting a nearly two-month low. ChinaThe night futures price of the main contract of white sugar 2501 fluctuated and weakened. The early futures price rebounded slightly and rose to the highest level of 6100. However, the push was limited and lower again, and the afternoon futures price continued to be weak. In terms of transactions, the opening was 19.5% higher than the opening was 18.6%. The technical level shows that the lower track of the Bollinger Band (13, 13, 2) is turning upward, and the opening of the third track is opening upward. The candle chart shows a negative column, 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 temporarily supports Zheng sugar futures, but there are currently no substantive policies, and the fundamentals are still weak, supply pressure is high, and futures prices have limited increase. Overall, it is expected that white sugar futures may continue to adjust within a narrow range in the short term.

China's white sugar index:According to calculations from medical equipment,December 3China's white sugar spot index was 6312.61, down 6.53, or 0.10%, and the white sugar index was lowered.