Report Overview - The report is a soft commodity daily report dated July 14, 2025, covering sugar, cotton,红枣 (Chinese dates), and apples [1] Sugar Core View - ICE raw sugar futures climbed nearly 2% on Friday, unaffected by Trump's tariff on Brazil. Zhengzhou sugar continued to rise, with short - term sugar prices strengthening [3] Price and Spread - SR01 closed at 5639 yuan/ton, with a daily increase of 0.18% and a weekly increase of 0.73%. Other contracts also showed various price changes and spreads [4] - Sugar basis: For example, the basis of Nanning - SR01 was 431 yuan/ton on July 14, 2025, with a daily increase of 13 yuan and a weekly decrease of 31 yuan [12] - Sugar import prices: On July 14, 2025, the in - quota price of Brazilian sugar imports was 4410 yuan/ton, with a daily decrease of 69 yuan and a weekly increase of 92 yuan. The out - of - quota price was 5600 yuan/ton, with a daily decrease of 90 yuan and a weekly increase of 120 yuan [15] Cotton Core View - The current low inventory of domestic cotton supports cotton prices, but the inventory pressure of finished products due to off - season demand restricts the upside. Short - term Zhengzhou cotton may fluctuate in a narrow range. Attention should be paid to the implementation of import quota policies and the adjustment of the Sino - US trade agreement [17] Price and Spread - Cotton 01 closed at 13815 yuan/ton, down 5 yuan or 0.04% on the day. Cotton 09 closed at 13875 yuan/ton, down 10 yuan or 0.07% on the day [18] - Cotton basis was 1381 yuan, unchanged on the day. The difference between cotton 01 - 05 was 20 yuan, unchanged on the day [19] Chinese Dates (Jujubes) Core View - The downstream is in the off - season, with light trading. The supply of old dates is sufficient. As the key fruit - setting period approaches, the market focuses on new - season jujubes. Currently, grey jujubes are in the physiological fruit - dropping stage. Attention should be paid to the fruit - setting of new jujubes, and there may be weather speculation. However, the high inventory of old dates may suppress the market [22] Apples Core View - Affected by seasonal fruits, the sales speed is limited. In Shandong, the packaging quantity is limited due to the busy farming season. In Shaanxi, the supply is concentrated in northern Shaanxi, and the secondary production areas are basically cleared. For new - season apples, the opening prices of extremely early - maturing varieties are the same as last year, and the impact on the market is limited due to the small supply [27] Price and Spread - AP01 closed at 7689 yuan/ton on July 14, 2025, with a daily decrease of 0.08% and a weekly increase of 0.64%. The price of Qixia first - and second - grade 80 apples was 3.95 yuan/jin, with no daily change and a weekly decrease of 4% [28]
白糖日报-20250714
Dong Ya Qi Huo·2025-07-14 14:46