Today (Apr 20), the market for sugar in China is shown as follows:

The most-active contract for sugar futures fluctuates to ascend on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended 11 CNY/tonne higher at 5,437 CNY/tonne with the high of 5,451 CNY/tonne and the low of 5,411 CNY/tonne; nearby May contract settles 7 CNY/tonne higher at 5,356 CNY/tonne with the high of 5,376 CNY/tonne and the low of 5,334 CNY/tonne.

Spot sugar prices mostly keep steady with a partial decline in the morning. Grade I sugar is priced at 5,340-5,420 CNY/tonne in Guangxi, down 10 CNY/tonne from yesterday; 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, flat from yesterday; grade I sugar is steadily priced at 5,280-5,320 CNY/tonne in Zhanjiang, Guangdong; grade I sugar is also unchanged at 5,290 CNY/tonne in Hainan.

Processed sugar prices are steady with a partial rise in coastal regions. Grade I carbonized sugar is unchanged at 5,520 CNY/tonne in Fujian, 5,500 CNY/tonne in Jiangsu and 5,430 CNY/tonne in Guangdong, 20 CNY/tonne higher at 5,570 CNY/tonne in Shandong, steady at 5,440 CNY/tonne both in Liaoning and Hebei.

Zhengzhou sugar futures fluctuate to go up today. Spot trading volume falls back compared to yesterday, but some traders still make modest purchases. Affected by volatile sugar futures, spot price is predicted to fluctuate narrowly in the afternoon.

(USD $1=CNY ¥6.51)