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houseoffunbonus| US sugar rebounds: Zheng sugar rose by 294,100 tons, and short-term spot prices are strong or continue to rebound

Gaming 2024年05月08日 22:00 8 editor

Newsletter summary

Sugar reboundHouseoffunbonusThe price ratio of sugar to alcohol in Brazil narrowed, and the drought in the first quarter affected the growth of sugarcane, focusing on the per unit yield data. Zheng Tang continued to rebound, and sugar sales in Guangxi increased by 29% in April compared with the same period last year.Houseoffunbonus.410000 tons, an increase of 0% in cumulative production and sales.Houseoffunbonus.6%, low inventory. Short-term spot prices are strong, Zheng Tang may continue to rebound, but medium-and long-term high yield expectations are strong, focus on high selling opportunities.

Text of news flash

[us sugar market rebound caused concern, short-term spot price may be strong] overnight, US sugar market experienceHouseoffunbonusThere was a marked rebound. Prior to this, due to a large decline, the price of sugar and alcohol in Brazil tightened, the market's concern about the related bad news has eased. In the first quarter, dry weather in south-central Brazil affected sugarcane growth to a certain extent, and market participants are keeping a close eye on changes in yield data.

In the domestic market, Zhengzhou white sugar futures prices also showed a rebound. April sales data showed that monthly sugar sales in Guangxi increased by 294100 tons compared with the same period last year, and the cumulative production and sales rate increased by 0.6% compared with the same period last year. Although inventories have increased slightly from a year earlier, overall, they are still low. In the short term, the spot supply pressure of sugar mills is relatively small, and spot prices are expected to remain strong, providing some support for futures market prices and promoting a further rebound in Zhengzhou sugar prices.

houseoffunbonus| US sugar rebounds: Zheng sugar rose by 294,100 tons, and short-term spot prices are strong or continue to rebound

However, from a medium-to long-term point of view, the market is more optimistic about white sugar production in Yuanyue. Market analysts pointed out that investors should pay close attention to the opportunity to sell short.

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