糖市早评：持续盘整20251218

Group 1 - The core viewpoint of the article indicates that raw sugar prices are experiencing a downward trend, with the March contract closing below the support level of 14.80 cents for two consecutive trading days, suggesting increased selling pressure in the market [1] - Domestic spot prices are showing a slight decline, leading to reduced transaction volumes, which is causing concern among downstream buyers and delaying any significant replenishment efforts [1] - The market in Liuzhou is witnessing a short-term breakdown followed by consolidation, primarily characterized by a corrective rebound from oversold conditions, with the 5250 level acting as a resistance reference [1] Group 2 - The trading volume of the 25053 contract has increased, finding temporary support at the 5200 level, indicating a critical moment for sellers at the 5230 resistance level [1] - The 2605 contract showed a reduction in open interest, suggesting that some short positions are being closed for profit, which has led to the formation of a trading range between 5120 and 5150 [1] - If the rebound fails to break through the 5185-5205 range, it would confirm the bearish divergence, indicating that bulls remain cautious about entering the market amid the current price discount [1]