White sugar market: As of Friday's closing, the highest contract of ice cream 10 reached 14. 1 cent/pound, and the lowest reached 13.26 cent/pound, and finally closed at 14.04 cent/pound on Friday, with an increase of 4.39.
On the whole, the net position of CFTC raw sugar futures option fund is still empty, while the net clearance has increased.
In China, prices continue to rise steadily due to the rise of commodities, raw sugar and strong spot.
By the close of Friday afternoon, Zheng Sugar's main contract closed at 6427 yuan/ton, up by 72 yuan/ton, or 1. 13%.
In terms of spot, Guangxi Nanhua Nanning Factory quoted a price of 6630 yuan/ton, up 160 yuan/ton.
Yunnan Nanhua is raised by 6500 yuan/ton 140 yuan.
1. Raw sugar: Raw sugar basically leveled off on Friday night, and temporarily held steady at 14 cents. Now we should pay attention to the rolling data of Brazil in the second half of the month.
2. Domestic spot: Yesterday (August 25th), the spot quotation of the main producing areas was as follows: Liuzhou middleman quoted 6690-6700 yuan/ton of new sugar (90); Nanning middlemen offer 67 10 yuan/ton (90) of new sugar; Zhanjiang middleman Guangdong new sugar quoted 6530 yuan/ton (0); The new sugar price quoted by Kunming middlemen is 6500-65 10 yuan/ton (80).
3. Review of Zheng Tangpan: Yesterday (August 25th), the SR 180 1 contract opened at 6342, closing up 98 points (up 1.55%) and closing at 6427, with an increase of 20,442 lots, holding 753,306 lots.
4. China imported 60,000 tons of sugar in July, down 80,000 tons from the previous month and 360,000 tons from the same period last year.
2017,6543810-July, China imported sugar14.67 million tons, a year-on-year decrease of 293,000 tons, with a reduction rate of 16.6%.
In the 20 16/ 17 cropping season, by the end of July, China had imported a total of 943,000 tons of sugar19.37 million tons, a decrease of 32.7%.
In May and July, the total profits of industrial enterprises above designated size reached 61267 million yuan, up 16.5% year-on-year, and the previous value increased19.1%; From June 5438 to July, the total profit of industrial enterprises above designated size was 424810.20 billion yuan, up by 210.2% year-on-year, and the innovation was low, with the previous value increasing by 22%. The profit of coal mining and washing industry increased by 13.7 times, the oil and gas mining industry turned losses, and the profit of power and thermal production and supply industry decreased by 366 times.
6. According to conab's forecast report, Brazil's sugar production in the current cropping season was raised to 39.38 million tons, an increase of nearly 700,000 tons year-on-year. As sugar factories put more energy into sugar production, the increase of sugar output will further expand the surplus of global sugar market.
The combination of domestic sugar market policies has gradually exerted its strength, the linkage between raw sugar and Zheng sugar has decreased, and the import risk has decreased.
In the later period, the supply of domestic sugar market is tight, which is reflected in the relatively firm spot in Guangxi at the end of this crop season, and the price of Nanning platform has been reported above 6700.
As a result, 709 accelerates the integration with the spot, while 80 1 stands for new sugar, and it is also facing the integration of new and old sugar. At least, the price of new sugar at the beginning of the new cropping season will not be lower than the price of old sugar in this cropping season.
Therefore, 80 1 is also facing the demand of compensatory growth.
No matter how the financial attributes are hyped and how the funds are suppressed, the final technical aspects still have to obey the fundamentals.
Therefore, the operator patiently holds more than 80 1 order.