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

The most-active contract for sugar futures posts gains after opening high on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended 65 CNY/tonne higher at 5,443 CNY/tonne with the high of 5,453 CNY/tonne and the low of 5,386 CNY/tonne; nearby May contract settles 51 CNY/tonne higher at 5,353 CNY/tonne with the high of 5,364 CNY/tonne and the low of 5,302 CNY/tonne.

Spot sugar prices generally go up in the morning. Grade I sugar is priced at 5,340-5,430 CNY/tonne in Guangxi, up 20 CNY/tonne from last Friday; in Yunnan, grade I sugar is priced at 5,280-5,290 CNY/tonne in Kunming and 5,250-5,260 CNY/tonne in Dali, an increase of 20-40 CNY/tonne; grade I sugar is priced 20 CNY/tonne higher at 5,280-5,320 CNY/tonne in Zhanjiang, Guangdong; grade I sugar increases by 20 CNY/tonne to 5,290 CNY/tonne in Hainan.

Processed sugar prices are offered higher in coastal regions. Grade I carbonized sugar is 40 CNY/tonne higher at 5,520 CNY/tonne in Fujian, 50 CNY/tonne higher at 5,500 CNY/tonne in Jiangsu, 20 CNY/tonne higher at 5,430 CNY/tonne in Guangdong, 40 CNY/tonne higher at 5,550 CNY/tonne in Shandong, 40 CNY/tonne higher at 5,440 CNY/tonne in Liaoning and 40 CNY/tonne higher at 5,440 CNY/tonne in Hebei.

Zhengzhou sugar futures move up with high opens today. Spot market is relatively active, and many traders are seeking for lower priced goods. It is predicted that sugar price will keep strengthening in the afternoon, and some enterprises may adjust price again if trading goes better.

(USD $1=CNY ¥6.52)