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Daily Review on Sugar Market in China--4/22/2021


Today (Apr 22), the market for sugar in China is shown as follows:


The most-active contract for sugar futures posts losses after opening low on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended 5 CNY/tonne lower at 5,464 CNY/tonne with the high of 5,489 CNY/tonne and the low of 5,431 CNY/tonne; nearby May contract settles 8 CNY/tonne lower at 5,380 CNY/tonne with the high of 5,405 CNY/tonne and the low of 5,350 CNY/tonne.



Spot sugar prices keep steady in the morning. Grade I sugar is priced at 5,360-5,400 CNY/tonne in Guangxi, flat from yesterday; in Yunnan, grade I sugar is steadily priced at 5,290-5,300 CNY/tonne in Kunming and 5,250-5,270 CNY/tonne in Dali; grade I sugar is unchangeably priced at 5,340 CNY/tonne in Zhanjiang, Guangdong; grade I sugar also remains flat at 5,300 CNY/tonne in Hainan.


Processed sugar prices stay stable with a partial decline in coastal regions. Grade I carbonized sugar is unchanged at 5,530 CNY/tonne in Fujian, 10 CNY/tonne lower at 5,490 CNY/tonne in Jiangsu, flat at 5,450 CNY/tonne in Guangdong, 5 CNY/tonne higher at 5,615 CNY/tonne in Shandong, not offered in Liaoning (5,450 CNY/tonne yesterday) and 10 CNY/tonne lower at 5,440 CNY/tonne in Hebei.


Zhengzhou sugar futures go down with low opens today, and spot trading is quiet on the whole. It is projected that spot price may stay stable with fluctuations in the afternoon.


(USD $1=CNY ¥6.49)