Today (Apr 26), the market for sugar in China is shown as follows:

 The most-active contract for sugar futures fluctuate narrowly after opening high on China’s Zhengzhou Commodity Exchange. As of 11:30 am, the most-active September contract ended unchanged at 5,490 CNY/tonne with the high of 5,528 CNY/tonne and the low of 5,471 CNY/tonne; nearby May contract settles 9 CNY/tonne lower at 5,399 CNY/tonne with the high of 5,437 CNY/tonne and the low of 5,385 CNY/tonne.

Spot sugar prices are mostly steady and partly mixed in the morning. Grade I sugar is priced at 5,380-5,420 CNY/tonne in Guangxi, flat from yesterday; in Yunnan, grade I sugar is steadily priced at 5,310-5,320 CNY/tonne in Kunming and 5,270-5,290 CNY/tonne in Dali.

Processed sugar prices mostly keep steady and partly decline in coastal regions. Grade I carbonized sugar is unchanged at 5,550 CNY/tonne in Fujian, 10 CNY/tonne lower at 5,510 CNY/tonne in Jiangsu, flat at 5,470 CNY/tonne in Guangdong, and 5,640 CNY/tonne in Shandong, 5,470 CNY/tonne in Liaoning and 10 CNY/tonne lower at 5,470 CNY/tonne in Hebei.

Zhengzhou sugar futures fluctuate at a narrow range. In spot market, most participates are staying on the sideline and waiting for the moment. Meanwhile, some groups have intention to raise sugar price. It is projected that spot price may keep range-bound in the afternoon.

(USD $1=CNY ¥6.49)