Source: Mu Tian Technology Sugar Network

1. The data released by the Brazilian shipping agency showSlotastic50freespinsIn the week to April 17, the number of ships waiting to carry sugar in Brazilian ports was 80, compared with 72 in the previous week.

2. According to foreign news on April 18, Brazil's National Commodity supply Company said on Thursday that in the recently concluded 2023x24 crushing season, Brazilian sugarcane production reached a record high of 713.2 billion tons.

Raw sugar:

According to foreign news on April 18, ICE ICE raw sugar futures closed higher on Thursday, boosted by low-suction buying, of which the May raw sugar futures contract closed up 0.Slotastic50freespins.27 cents, or 1.4%, settled at 19.59 cents per pound, while sugar in London closed up $9.60, or 1.7%, at $568.9 a tonne in August.

Zheng Tang:

Today, all contracts of Zheng Sugar opened lower and fluctuated higher, and all contracts closed in red until the close of trading in the morning. Among them, Zheng Tang 2409 contract opened low at 6195, the highest price was 6241, the lowest price was 6185, the closing price was 6223, the position was reduced by 19909, and the transaction was reduced by 349571. The daily line graph shows that the futures price fluctuates around 6200, closing below all moving averages, MACD is dead fork above zero axis, green column is enlarged, 30-minute figure is seen, futures price is arranged around Bollinger middle track, MACD is golden fork below zero axis, red column is enlarged.

Liuzhou Wholesale Market:

Most of the purchase and sales contracts of Liupan fluctuated high in the morning, and by the close of trading in the morning, all the purchase and sales contracts were quoted on the red market. Among them, the spot price of Liupan was 6452 yuan, up 30 yuan from the previous day, and the contract price in the third week of May 2024 was 6341 yuan, down 89 yuan from the previous day.

Spot:

The price of white sugar futures closed down this morning. The spot quotations of major traders in the southern region are as follows. The price of new sugar on the Nanning middleman platform is 6540 yuan / ton. The quotation is reduced by 20 yuan / ton, 6530 yuan / ton in the new sugar warehouse, 30 yuan / ton in the new sugar warehouse, 6550-6570 yuan / ton in Liuzhou, 25 yuan / ton in the warehouse, 6530 yuan / ton in the warehouse, 10 yuan / ton in the warehouse, 6470 yuan / ton in the guest middleman, 20 yuan / ton in Guangzhou, 6740 yuan / ton in Guangzhou and 10 yuan / ton in Guangzhou

Summary:

Boosted by low-suction buying, ICE raw sugar futures closed higher on Wednesday, with the May raw sugar futures contract closing up 0.27 cents, or 1.4%, at 19.59 cents per pound. The drop in raw sugar to around 19 cents attracted large purchases of import demand in the Asia-Pacific region, while sales of hydrous ethanol in Brazil increased significantly, or affected producers' adjustment to the sugar-alcohol ratio, resulting in a short-term technical rebound in raw sugar.

On the domestic side, Zheng Tang's plate opened low and fluctuated yesterday, and the contracts of Zheng Tang's night market opened lower and fluctuated higher, of which Zheng Tang's main 09 contract stood on the 6200 round mark, and the main long-short position in the contract decreased significantly in September, among which the short order decreased more. sugar purchase and sales off-season, it is expected that the import of raw sugar in the third quarter will exceed the same period last year, Zheng Tang is likely to fall seasonally. Short-term weak shock trend.

Operation suggestion: the raw sugar closed up, the May contract focused on 19 cents first-line support strength, Zheng Tang high weak shock, intraday short-term operation, high selling and low suction, Zheng Tang's main focus on 6200 first-line support strength. medium and long term can be properly shorted every high to control the position.