Today (Feb 19), the market for sugar in China is shown as follows:

The most-active contract for sugar futures post further gains after opening high on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active May contract ended 78 CNY/tonne higher at 5,416 CNY/tonne with the high of 5,440 CNY/tonne and the low of 5,381 CNY/tonne; nearby March contract settles 49 CNY/tonne higher at 5,354 CNY/tonne with the high of 5,385 CNY/tonne and the low of 5,346 CNY/tonne.

Spot sugar prices mainly move higher and partly not available today. New sugar is priced at 5,320-5,370 CNY/tonne in Guangxi, an increase of 30-40 CNY/tonne from yesterday; in Yunnan, new sugar is priced at 5,320-5,380 CNY/tonne in Kunming and 5,270-5,290 CNY/tonne in Dali with a rise of 20-40 CNY/tonne compared to yesterday; new sugar is offered 30 CNY/tonne higher at 5,300-5,320 CNY/tonne in Zhanjiang, Guangdong; new sugar is also 30 CNY/tonne higher at 5,270 CNY/tonne in Hainan. Likewise, processed sugar prices go up. Grade I carbonized sugar is 5,480 CNY/tonne in Fujian, 30 CNY/tonne higher at 5,380 CNY/tonne in Guangdong, 80 CNY/tonne higher at 5,560 CNY/tonne in Shandong, 40 CNY/tonne higher at 5,430 CNY/tonne in Liaoning and 40 CNY/tonne higher at 5,420 CNY/tonne in Hebei.

Zhengzhou sugar futures go up with high opens today. Market trading goes better, and traders are active in stocking up goods. It is expected that sugar market will stand firm in the afternoon.

(USD $1=CNY ¥6.46)