Today (Apr 13), the market for sugar in China is shown as follows:

The most-active contract for sugar futures retreats after opening low on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended 69 CNY/tonne lower at 5,319 CNY/tonne with the high of 5,365 CNY/tonne and the low of 5,318 CNY/tonne; nearby May contract settles 61 CNY/tonne lower at 5,248 CNY/tonne with the high of 5,286 CNY/tonne and the low of 5,246 CNY/tonne.

Spot sugar prices keep steady with a partial decline in the morning. Grade I sugar is priced at 5,270-5,340 CNY/tonne in Guangxi, flat from yesterday; in Yunnan, grade I sugar is priced at 5,230 CNY/tonne in Kunming and 5,200 CNY/tonne in Dali, down 20 CNY/tonne from yesterday; grade I sugar is steadily priced at 5,240-5,270 CNY/tonne in Zhanjiang, Guangdong; grade I sugar also remains flat at 5,240 CNY/tonne in Hainan.

Processed sugar prices stay stable with a pullback in coastal regions. Grade I carbonized sugar is unchanged at 5,460 CNY/tonne in Fujian, 10 CNY/tonne lower at 5,360 CNY/tonne in Guangdong, 60 CNY/tonne lower at 5,475 CNY/tonne in Shandong, 10 CNY/tonne lower at 5,380 CNY/tonne in Liaoning and 20 CNY/tonne lower at 5,360 CNY/tonne in Hebei.

Zhengzhou sugar futures post pullbacks after low opens in the morning. Spot prices generally edge down. And some traders don’t offer price as they take a wait-and-see attitude, seeing a relatively quiet market. It is predicted that spot sugar prices will fluctuate at the low level in the afternoon.

(USD $1=CNY ¥6.55)