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Daily Review on Sugar Market in China--4/15/2021


Today (Apr 15), the market for sugar in China is shown as follows:


The most-active contract for sugar futures finishes modestly higher on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended 8 CNY/tonne higher at 5,303 CNY/tonne with the high of 5,316 CNY/tonne and the low of 5,288 CNY/tonne; nearby May contract settles 47 CNY/tonne higher at 5,243 CNY/tonne with the high of 5,247 CNY/tonne and the low of 5,228 CNY/tonne.



Spot sugar prices keep steady 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 steadily priced at 5,210-5,230 CNY/tonne in Kunming and 5,170-5,200 CNY/tonne in Dali; grade I sugar is unchangeably priced at 5,230-5,260 CNY/tonne in Zhanjiang, Guangdong; grade I sugar also remains flat at 5,230 CNY/tonne in Hainan.


Processed sugar prices stay stable with an increase in coastal regions. Grade I carbonized sugar is 20 CNY/tonne higher at 5,430 CNY/tonne in Fujian, unchanged at 5,360 CNY/tonne in Guangdong and 5,440 CNY/tonne in Shandong, 10 CNY/tonne higher at 5,370 CNY/tonne in Liaoning and 5,360 CNY/tonne in Hebei.



Zhengzhou sugar futures edge up in the morning. Spot prices keep unchanged with an increase. Sugar trading in Guangxi producing region is generally quiet as traders there are still taking a holiday. It is predicted that spot sugar prices will stay stable with a fluctuation in the afternoon.


(USD $1=CNY ¥6.53)