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国内利多不足 预计糖价维持震荡
Jin Tou Wang·2025-06-23 09:56

Group 1 - On June 23, the spot price of white sugar in Nanning was quoted at 6050.00 CNY/ton, which is 329.00 CNY/ton higher than the futures main price of 5721.00 CNY/ton [1] - The futures market closed on June 23 with the main contract for white sugar at 5721.00 CNY/ton, showing an increase of 0.46%, with a daily trading volume of 192,057 lots [1] - The price list for various grades of sugar shows a range of market prices, with food-grade sugar from Hubei quoted at 6500 CNY/ton and industrial-grade sugar from different regions priced between 1500 CNY/ton and 3000 CNY/ton [1] Group 2 - The cost of imported Brazilian raw sugar is approximately 4398 CNY/ton with a 15% tariff quota and 5621 CNY/ton without the quota, while Thai raw sugar costs about 4434 CNY/ton with a 15% tariff and 5668 CNY/ton without the quota [2] - Pakistan's government has announced plans to import 750,000 tons of sugar despite previously allowing sugar exports [3] Group 3 - According to Guotou Anxin Futures research, the production data from Brazil's central-south region in late May was bearish, with an increase in both cane crushing and sugar production year-on-year [4] - Domestic sugar and syrup import volumes are low this year, leading to an increase in the market share of domestic sugar, which is selling quickly and has low inventory pressure [4] - Recent rainfall in Guangxi has alleviated the water shortage for sugarcane, and attention is being paid to rainfall conditions in the third quarter [4] - Overall, the trend for US sugar remains downward, with insufficient domestic bullish factors, and sugar prices are expected to remain volatile [4]