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白糖数据日报-20250710
Guo Mao Qi Huo·2025-07-10 06:31

Report Overview - The report is a daily data report on sugar, providing price data and market analysis [2][3] Industry Investment Rating - No industry investment rating is provided in the report Core Viewpoints - The rebound of the international raw sugar market has driven the domestic market up, but the upside space remains limited [3] - Internationally, the supply side continues to recover this season, with the new Brazilian season progressing smoothly, but the increase in Brazilian production may be less than expected [3] - India and Thailand's production is expected to recover due to favorable monsoon weather [3] - Domestically, the new season is expected to see a significant increase in production, which may put continuous pressure on the domestic market, but the downside space is also limited [3] Data Summary Domestic Sugar Price - On July 9, 2025, the price per ton of sugar in Nanning Warehouse, Guangxi was 6,120 yuan, unchanged from the previous day, with a basis of 341 yuan against SR09, a decrease of 32 yuan [3] - The price in Kunming, Yunnan was 6,365 yuan, an increase of 500 yuan, with a basis of 468 yuan against SR09 [3] - The price in Dali, Yunnan was 5,770 yuan, unchanged, with a basis of 131 yuan against SR09, a decrease of 32 yuan [3] - The price in Rizhao, Shandong was 6,135 yuan, unchanged, with a basis of 256 yuan against SR09, a decrease of 32 yuan [3] Futures Market - SR09 closed at 5,779 yuan, an increase of 32 yuan; SR01 closed at 5,606 yuan, an increase of 17 yuan [3] - The spread between SR09 and SR01 was 173 yuan, an increase of 15 yuan [3] Exchange Rates and International Commodity Prices - The RMB to USD exchange rate was 7.1995, an increase of 0.0075; the Brazilian Real to RMB exchange rate was 1.2818, an increase of 0.0212; the Indian Rupee to RMB exchange rate was 0.084, a decrease of 0.0004 [3] - The ICE raw sugar main contract was at 16.15, unchanged; the London white sugar main contract was at 573, an increase of 3; the Brent crude oil main contract was at 70.03, unchanged [3]