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光大期货软商品日报(2025年4月18日)-20250418
Guang Da Qi Huo·2025-04-18 04:46

Group 1: Research Views - ICE U.S. cotton rose 1.11% to 67.11 cents per pound on Thursday, and CF509 rose 0.16% to 12,890 yuan per ton. The main contract's open interest increased by 19,061 lots to 512,500 lots. The cotton arrival price in Xinjiang was 14,032 yuan per ton, down 97 yuan from the previous day, and the China Cotton Price Index for Grade 3128B was 14,200 yuan per ton, down 52 yuan from the previous day. Short - term Zheng cotton is expected to remain in low - level oscillations [1]. - The spot sugar quotes in Guangxi were 6,130 - 6,240 yuan per ton, with some up 20 yuan per ton, and in Yunnan were 5,940 - 6,000 yuan per ton, up 10 - 30 yuan per ton. The raw sugar futures price rebounded. Domestically, the spot quotes rose slightly yesterday. In the short term, it will follow the raw sugar's rebound, but in the medium term, with the import window open, the price will fluctuate [1]. Group 2: Daily Data Monitoring - For cotton, the 5 - 9 contract spread was - 195, down 20; the main contract basis was 1,310, down 112. The Xinjiang spot price was 14,032, down 97, and the national spot price was 14,200, down 52 [2]. - For sugar, the 5 - 9 contract spread was 174, down 6; the main contract basis was 234, down 12. The Nanning spot price was 6,170, up 40, and the Liuzhou spot price was 6,150, unchanged [2]. Group 3: Market Information - On April 17, the number of cotton futures warehouse receipts was 9,833, an increase of 118 from the previous trading day, with 2,828 valid forecasts [3]. - On April 17, the cotton arrival prices in different regions were: 14,032 yuan per ton in Xinjiang, 14,174 yuan per ton in Henan, 14,283 yuan per ton in Shandong, and 14,203 yuan per ton in Zhejiang [3]. - On April 17, the yarn comprehensive load was 55.7, unchanged from the previous day; the yarn comprehensive inventory was 21.3, unchanged; the short - fiber cloth comprehensive load was 54.4, unchanged; and the short - fiber cloth comprehensive inventory was 29.7, up 0.1 [3]. - On April 17, the sugar spot price in Nanning was 6,170 yuan per ton, up 40 yuan from the previous day, and in Liuzhou was 6,150 yuan per ton, unchanged [3]. - On April 17, the number of sugar futures warehouse receipts was 27,410, unchanged from the previous trading day, with 1,366 valid forecasts [4]. Group 4: Research Team Introduction - Zhang Xiaojin, the director of resource product research at Everbright Futures Research Institute, focuses on the sugar industry. He has won multiple analyst titles [19]. - Zhang Linglu, an analyst at Everbright Futures Research Institute, is responsible for research on futures varieties such as urea and soda ash glass, and has won many honors [20]. - Sun Chengzhen, an analyst at Everbright Futures Research Institute, is engaged in research on cotton, cotton yarn, and ferroalloys, and won the Zhengzhou Commodity Exchange's textile category senior analyst title in 2024 [21].