Group 1 - The current spot price of white sugar in Nanning is reported at 6210.00 CNY/ton, which is 233.00 CNY/ton higher than the futures main price of 5977.00 CNY/ton [1] - The futures market for white sugar closed at 5977.00 CNY/ton on April 28, with a slight increase of 0.12%, reaching a high of 5995.00 CNY/ton and a low of 5956.00 CNY/ton, with a trading volume of 197,330 contracts [1] - Various prices for industrial-grade sugar are reported, with prices ranging from 1350 CNY/ton to 3000 CNY/ton depending on the supplier and location [1] Group 2 - Raizen, Brazil's largest sugar company, reported a cane crushing volume of 700,000 tons for Q4 of the 2024/25 fiscal year, with sugar production estimated between 84,000 to 88,000 tons [2] - The company's own sugar sales reached 969,000 tons, while ethanol sales were 788,000 cubic meters [2] - The cost of importing Brazilian raw sugar to China is approximately 4742 CNY/ton (within tariff quota, 15% tariff) or 6070 CNY/ton (outside tariff quota, 50% tariff) [2] Group 3 - Domestic sales rates are high, supporting sugar prices, while the raw sugar market shows weak trends, with drought conditions in Guangxi easing, leading to expectations of short-term price fluctuations [3] - The focus for the medium to long term is on the profit window for forward sugar imports [3]
广西干旱有所缓解 预计白糖短期震荡运行
Jin Tou Wang·2025-04-28 08:42