Core Viewpoint - The raw sugar market is experiencing fluctuations, with March contracts showing resistance at 14.80 cents and potential support levels at 14.40 and 14.20 cents [1] Group 1: Market Performance - The domestic spot prices are stable, particularly in Guangxi, maintaining above the 5500 yuan mark, indicating a short-term profit anchoring point [1] - The market is facing higher costs due to low sugarcane quality, making it challenging to sustain prices above 5500 yuan [1] - In the Liuzhou market, the order contract price increased from 5470 to 5490 yuan, with significant increases in transaction and order volumes, reflecting heightened market activity [1] Group 2: Trading Dynamics - The sugar futures contract 2601 saw an increase in positions, successfully challenging the 5500 yuan mark, indicating strong short-term buying interest [1] - The market is testing the support range of 5490-5500 yuan, and if this support holds, there is potential for a target of 5530 yuan [1] - Sellers are advised to exercise patience as the market undergoes a corrective phase within the 5500-5510 yuan range [1]
糖市早评：冲高回落20251114