Today (Apr 21), the market for sugar in China is shown as follows:

The most-active contract for sugar futures extends gains after opening high on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended 16 CNY/tonne higher at 5,448 CNY/tonne with the high of 5,495 CNY/tonne and the low of 5,446 CNY/tonne; nearby May contract settles 15 CNY/tonne higher at 5,368 CNY/tonne with the high of 5,413 CNY/tonne and the low of 5,363 CNY/tonne.

Spot sugar prices generally move higher in the morning. Grade I sugar is priced at 5,360-5,440 CNY/tonne in Guangxi, up 20 CNY/tonne from yesterday; in Yunnan, grade I sugar is priced at 5,290-5,300 CNY/tonne in Kunming and 5,260-5,270 CNY/tonne in Dali, an advance of 10 CNY/tonne from yesterday; grade I sugar is priced 10 CNY/tonne higher at 5,340 CNY/tonne in Zhanjiang, Guangdong; grade I sugar is also 10 CNY/tonne higher at 5,300 CNY/tonne in Hainan.

Processed sugar prices all go up in coastal regions. Grade I carbonized sugar is 10 CNY/tonne at 5,530 CNY/tonne in Fujian, unchanged at 5,500 CNY/tonne in Jiangsu, 20 CNY/tonne higher 5,450 CNY/tonne in Guangdong, 40 CNY/tonne higher at 5,610 CNY/tonne in Shandong, 10 CNY/tonne higher at 5,450 CNY/tonne both in Liaoning and Hebei.

Zhengzhou sugar futures fluctuate to go up today, and spot market is active. It is projected that spot price may stay strong in the afternoon.

(USD $1=CNY ¥6.50)