kawaiiislandscrypto| Pansugar Technology white sugar market analysis: Price decline, international sugar price fluctuations affect domestic futures

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Guangxi white sugar prices fell slightlykawaiiislandscrypto, market trends have attracted much attention

Pan Sugar Technology recently announced that the spot transaction price of white sugar in Guangxi has been adjusted to 6445 yuan/ton, down from the previous trading daykawaiiislandscrypto29 yuan/ton.

The quotation ranges of sugar groups in Guangxi and Yunnan have also been lowered accordingly, by 20 to 40 yuan/ton and 20 yuan/ton respectively. At the same time, the mainstream bidding range of processing sugar mills has also been lowered by 20 to 50 yuan/ton.

Under the influence of the mentality of buying up but not buying down, downstream terminals often adopt a "as you buy" strategy, resulting in flat spot transactions and average overall transactions.

In terms of international markets, sugar production data in central and southern Brazil is expected to remain strong in the first half of May. However, due to the impact of falling international oil prices, overnight ICE raw sugar prices surged around 18.8 percent after the opening.kawaiiislandscrypto.5 cents per pound fluctuated, and the final closing price fell to 18kawaiiislandscrypto.21 cents/pound, down 0.36 cents/pound.

Under the dual pressure of falling sugar prices in the international market and the general decline in the domestic commodity market, the Zheng Sugar SR2409 contract went downward unilaterally, narrowly guarding the 6100 yuan/ton mark. The final closing price was 6128 yuan/ton, down 60 yuan/ton. The daily increase in positions reached 42,100 lots, and the transaction volume increased significantly by more than 66% compared with the previous trading day to 500,600 lots.

Although spot sales and external market trends deserve investors 'attention, the basis for the current period has shown a stronger trend in the near future.